By Anora Mahmudova and Sara Sjolin, MarketWatch

GDP data unchanged in fourth quarter

NEW YORK (MarketWatch)--U.S. stocks moved between small gains and losses Friday, with the main indexes looking set to finish the week with a hefty decline.

Ahead of the opening bell, investors assessed the final revision to the fourth-quarter GDP, which remained unchanged at 2.2%. The report also showed that quarterly corporate profits over the same period fell for the first time since 2008.

Analysts said that worries about sluggish corporate profits had been weighing on sentiment lately.

The S&P 500 (SPX) was little changed at 2,056.04, with seven of its 10 main sectors trading higher. Energy stocks were leading the losses, while defensive sectors such as utilities and healthcare companies were attracting buyers.

The Dow Jones Industrial Average (DJI) wasdown 12 points at 17,666

The Nasdaq Composite (RIXF) added 0.1% to 4,868.

Jeff Carbone, founder and senior partner for Cornerstone Financial Partners, noted that an expected drop in corporate earnings in the fourth quarter is pointing to a sluggish economy.

"The weakness over the past week was mostly driven by geopolitical concerns and worries over sluggish profit earnings. We will have to wait until the actual earnings season to find out whether it was weather-related or not," Carbone said.

"We still believe stocks will finish the year higher, but perhaps now is the time to rebalance portfolios," he added.

Don't miss:Corporate earnings fell in 2014 for the first time since 2008 (http://www.marketwatch.com/story/corporate-profits-fall-in-fourth-quarter-2014-2015-03-27)

Yellen speech: Fed Chairwoman Janet Yellen speaks at the Federal Reserve Bank of San Francisco Conference on the "New Normal for Monetary Policy" just before the closing bell. The central bank last week dropped the word "patient" from its statement, but Yellen stressed the Fed is in no hurry to raise rates. Her speech starts at 3:45 p.m. Eastern Time.

Data: The U.S. economy grew 2.2% in the fourth quarter of 2014, unchanged from the government's prior estimate. Exports and consumer spending, especially on health care, were revised to show a stronger increase, but that was offset by a reduction in how much companies spent to build up inventories, the Commerce Department said Friday.

The final reading of the University of Michigan's consumer sentiment survey for March was 93--above the 92.5 forecast in a MarketWatch-compiled economist survey. The final reading is still at a four-month low.

Stocks to watch:GameStop Corp.(GME) slid 1.5% after the videogame retailer's quarterly results and outlook fell short of Wall Street estimates (http://www.marketwatch.com/story/gamestop-shares-decline-on-earnings-outlook-2015-03-26). The report came out late Thursday.

Quicksilver's(ZQK) shares tumbled 7.6% after the company ousted its chief executive Andy Mooney and installed Pierre Agnes, who has worked at the firm for 27 years as the new CEO.

Shares of Orexigen Therapeutics Inc.(OREX) climbed 3.9% after the biotech firm received a green light from European regulators for its Mysimba diet drug.

Ahead of the bell on Friday, BlackBerry Ltd. (RIMM) jumped 4.3% after reporting fourth-quarter earnings of 4 cents a share, beating forecasts of a four-cent loss.

For more on notable movers, read Movers & Shakers column. (http://www.marketwatch.com/story/blackberry-carnival-finish-line-earnings-in-focus-2015-03-27)

Other markets: Crude-oil futures (CLK5) retreated (http://www.marketwatch.com/story/crude-oil-prices-fall-as-yemen-conflict-escalates-2015-03-27) after logging a five-day winning streak on Thursday. Those moves came after Saudi Arabian airstrikes in Yemen raised fresh concerns over potential disruptions to crude supplies. For the week, the May contract was still looking at an 8% advance.

The ICE dollar index (DXY) reversed gains and was a touch lower after the weaker GDP figures. Both Europe and Asian equity markets were mixed.

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