Wall Street Roundup: Bad news. AIG on the offensive.

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Gold: Trading now at $1,535 per ounce, up 1.2% from Wednesday. Dow Jones industrial average: Trading now at 12704.50, up 0.1% from Wednesday.

Bad news. Data released this morning show that the U.S. economy is growing more slowly than expected, and the number of new unemployment claims unexpectedly jumped.

Of two minds. The mixed economic signals coming after a time of sustained growth are giving support to the old maxim to sell in May and go away. This comes just as one of the most reliable bears in the markets turns bullish.

AIG on the offensive. After taking blame for the financial crisis, American International Group is suing banks and blaming them for the insurers’ losses during the crisis.

-- Nathaniel Popper