Major U.S. stock indexes fell Thursday, weighed down by a one-two punch of economic data that showed growth slowing and inflation persisting.The Dow Jones Industrial Average fell more than 370 points, or about 1 percent. The S&P 500 and tech-heavy Nasdaq both closed lower by about half-a-percent.Markets sold off all day after the morning's first-quarter GDP report came in well short of expectations, showing the U.S. economy grew by a paltry 1.6 percent.
Adding to the downward pressure, shares of Meta fell 10 percent, sparking a sell-off in other big tech stocks after the Facebook parent reported quarterly earnings Wednesday that spooked investors. Despite ad revenue growing by 27 percent, the company issued soft guidance for the current quarter as it plans to 'invest significantly more' in AI, CEO Mark Zuckerberg said on the earnings call.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock Market today: Dow slides on geopolitical tensions, spike in Treasury yieldsStock Market today: Dow slides on geopolitical tensions, spike in Treasury yields
Lire la suite »
Stock Market Today: Dow slumps on inflation jitters, disappointing bank earningsStock Market Today: Dow slumps on inflation jitters, disappointing bank earnings
Lire la suite »
Stock Market Today: Dow extend losing streak as rising geopolitical tensions biteStock Market Today: Dow extend losing streak as rising geopolitical tensions bite
Lire la suite »
Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Lire la suite »
Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Lire la suite »
Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment across the region.
Lire la suite »