By msnbc.com news services
Stocks moved lower Friday after data showed gross domestic product for the fourth quarter was slightly below Wall Street expectations.
Investors were also looking ahead to an anticipated an imminent conclusion to Greek debt talks.
EU Economic and Monetary Affairs Commissioner Olli Rehn said talks with private creditors on restructuring Greek debt are "very close" to closing. Athens needs a deal to secure further international aid and so avert a disorderly default when a major bond redemption falls due in March.
In earnings news, Ford reported a lower-than-expected fourth-quarter profit due to higher commodity costs and losses in its automotive operations in Europe and Asia.
Reuters contributed to this report.
Source: http://bottomline.msnbc.msn.com/_news/2012/01/27/10250307-stocks-move-lower-after-new-growth-figures
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