Weaker GDP and an update on inflation sent Wall Street lower
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The latest snapshot of the U.S. economy rattled Wall Street traders, leading to a decline in major U.S. stock indexes following disappointing corporate earnings and elevated bond yields. This was compounded by data revealing that the U.S. economy expanded at its slowest pace in nearly two years during the first quarter.
Weaker GDP and an update on inflation sent Wall Street lower
Weaker GDP and an update on inflation sent…
Weaker GDP and an update on inflation sent Wall Street lower
The latest snapshot of the U.S. economy rattled Wall Street traders, leading to a decline in major U.S. stock indexes following disappointing corporate earnings and elevated bond yields. This was compounded by data revealing that the U.S. economy expanded at its slowest pace in nearly two years during the first quarter.