Dow drops more than 300 points on inflation and growth concerns, Meta drags S&P 500 lower: Live updates
Publishing timestamp: 2024-04-25 13:48:30
Summary
Stocks tumbled on Thursday after U.S. economic data showed a sharp slowdown in growth and persistent inflation. The Dow Jones, S&P 500, and Nasdaq all dropped. Meta Platforms plunged after issuing weak revenue guidance, while other big tech names like Microsoft and Alphabet also saw declines. Semiconductor ETFs performed well, with Nvidia leading the group higher. The disappointing GDP report raised concerns about the equity market's future.
Sentiment: NEGATIVE
Tickers: AMD, US10Y, .IXIC, MNST, .DJI, MSFT, .SPX, CAT, META, IBM, NVDA, AMZN, GOOGL, VSCO,
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