US shares close little changed despite economic growth figures

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NYSE tradersImage source, Reuters

(Close): US shares were little changed on Thursday's session despite figures showing the US economy grew at an annual pace of 2.3% in the second quarter of the year.

The growth figure was slightly lower than expected but the first quarter data was revised up.

The Dow Jones dipped by 6.7 points to 17,751.29 points.

The S&P 500 was virtually unchanged at 2,108.57, while the tech-heavy Nasdaq gained 17 points to 5,128.79 points.

Consumer products company Procter & Gamble lost 4%, and was the biggest loser on the Dow Jones, after reporting an 80% fall in quarterly earnings to $521m on lower sales and an one-off charge in Venezuela.

Food company Mondelez International jumped 5% after earnings surprised on the upside.