Dow drops more than 600 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
Publishing timestamp: 2024-04-25 13:23:02
Summary
Stocks tumbled on Thursday after U.S. economic data showed a sharp slowdown in growth and persistent inflation. The Dow, S&P 500, and Nasdaq all dropped. Meta Platforms plunged after issuing weak revenue guidance, leading to declines in other tech giants. Semiconductor ETFs performed well, with Nvidia leading the group higher. The disappointing GDP data raised concerns about the equity market's future.
Sentiment: NEGATIVE
Tickers: @ND.1, MNST, .SPX, @DJ.1, IBM, CAT, @SP.1, NVDA, AMZN, VSCO, @TY.1, .IXIC, .DJI, META, AMD, MSFT, PFE, US10Y, GOOGL,
Keywords: u.s. 10 year treasury, meta platforms inc, stock markets, breaking news: markets, business news, wall street, amazon.com inc, international business machines corp, monster beverage corp, alphabet inc, investment strategy, nasdaq composite, s&p 500 index, microsoft corp, victoria's secret & co, markets, caterpillar inc, dow jones industrial average,
Source: https://www.cnbc.com/2024/04/25/stock-markets-today-live-updates.html