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Wall Street stocks fell modestly Friday but remained close to record highs to close out the best single-month performance since 2011. The official estimate of US growth in the October-December quarter was revised to 2.2 percent from the initial estimate of 2.6 percent. Coca-Cola led gains in blue-chips, jumping 2.0 percent on the soaring profits of its soon-to-be energy drink partner Monster Beverages.
U.S. stocks closed lower on the last trading day of February after mixed U.S. economic data on a day when European stocks hit records and oil prices rebounded for their first monthly gain since June. The Nasdaq was the weakest of the three major U.S. indexes on Friday, weighed down by Apple Inc as some investors took profits ahead of its March 9 product unveiling. The Dow Jones industrial average fell 81.72 points, or 0.45 percent, to 18,132.7, the S&P 500 lost 6.24 points, or 0.3 percent, to 2,104.5 and the Nasdaq Composite dropped 24.36 points, or 0.49 percent, to 4,963.53. U.S. gross domestic product expanded 2.2 percent in the fourth quarter, revised down from 2.6 percent estimated last month, the Commerce Department said.