Stocks slide Friday

• Tweet

NEW YORK, April 13 (UPI) -- U.S. stock markets slumped Friday after economic growth data came in lower than expected.

China's gross domestic product was 8.1 percent in the first quarter, short of the 8.4 percent economists had forecast.

First-quarter corporate reports are shaking confidence in some firms. Stocks fell at Wells Fargo & Co., Google and JPMorgan & Chase on disappointing results. Stocks were down at 27 of 30 firms listed on the Dow Jones industrial average.

In afternoon trading, the DJIA lost 136.99 points or 1.05 percent to 12,849.59.

On the New York Stock Exchange, 709 issues advanced while 2,320 declined on volume of 3.535 billion shares.

The tech-heavy Nasdaq composite index shed 44.22 points or 1.45 percent to 3,011.33. The Standard and Poor's 500 index dropped 17.31 or 1.25 percent to 1,370.26.

The 10-year treasury note rose 18/32 with yields falling to 1.991 percent.

The euro fell $1.308 from Thursday's $1.3187. Against the yen, the dollar rose to 80.9 yen from 80.89 yen.

In Tokyo, the Nikkei 225 index gained 1.19 percent, 113.20, to 9,637.99.

In London, the FTSE 100 index lost 1.03 percent, 58.67, to 5,651.79.