(Bloomberg) -- The Standard & Poor's 500 Index dropped after the economy grew in the first quarter at the slowest pace in four years, while Microsoft Corp.'s improved sales forecast sent the Dow Jones Industrial Average to a record.
The Commerce Department said U.S. gross domestic product increased at a 1.3 percent annual rate in January through March, the weakest since the first three months of 2003, after a slump in home construction and a bigger trade deficit reduced growth. Inflation surged to the highest since 1991.
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