Stock market today: Dow falls 375 points as traders brace for new inflation data after weak GDP
Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and stubbornly high inflation.
Source: yahoo.com
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GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.
Source: nbcsandiego.com
GDP Q1 2024: Economy increased at a 1.6% rate
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.
Source: cnbc.com
ASX to drop; Wall Street falters after US economy suffers slowdown
The ASX is set to drop as Wall Street took fright after US economic data revealed “the worst of both worlds” - a slowdown in the economy and inflationary pressure.
Source: afr.com
Number of New Homes for Sale Surges
Sales of new homes also rose, according to government data.
Source: newsweek.com