Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

NEW YORK -Wall Street stocks fell on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms index, the Fed's preferred inflation gauge, is due on Friday.

Rising gold prices helped Newmont, the world's largest bullion miner, to report first quarter profit that beat estimates. Its shares were up nearly 13%. The S&P 500 posted 13 new 52-week highs and seven new lows while the Nasdaq recorded 33 new highs and 183 new lows.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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