VectorVest Economic ReportGDP grew at an annual rate of 2.4% in the fourth quarter of 2013, slightly lower than estimated growth of 2.5%.

Durable Goods Orders fell 1.0% on a monthly basis in January, whereas consensus pointed to a steeper drop of 1.5%. Ex-transportation, Durable Goods Orders rose 1.1% month-over-month in January, beating forecasts which pointed to a 0.3% decline.

The Markit Flash Services PMI Business Activity Index fell 4 points to a level of 52.7 in February. The Chicago Fed National Activity Index fell from -0.03 in December 2013 to -0.39 in January.

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