Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.

MORNING SQUAWK EMEA Friday January 27 2023 AS OF FRI, JAN 27, 2023 • 10:24 ET S&P 500 Close 4,060.43 +1.10% +44.21 S&P 500 Futures 4,061.25 -0.35% -14.25 Nikkei 255 27,382.56 +0.07% +19.81 U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.   More » Intel shares drop on weak quarterly results and expectations for another quarter of losses Intel called for a loss in the first quarter, while analysts had expected income. The chipmaker is dealing with a sharper-than-expected PC market contraction. More » Nasdaq closes 1.7% higher as Tesla pops, Dow adds 200 points Investors are parsing a slew of corporate earnings for insight into the health of the economy. More » Zelenskyy defiant as Russia unleashes 'massive' missile strike; U.S. sanctions Russian mercenary group After the U.S. and Germany's historic decision to supply battle tanks to Ukraine, talk has already turned to the possible supply of other firepower. More » These 6 global ETFs are the only ones to have posted gains every year for the past five years The six equity funds have not had a single year of negative returns for the past five years at least. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in CET 08:15 Marie-Agnes Strack-Zimmermann Chair, Defense Committee Bundestag German Tanks 08:30 Alexandra Palt Chief Corporate Responsibility Officer, L'Oreal SF 09:45 John Leer Chief Economist, Morning Consult U.S. GDP Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2023 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS