US GDP announcement impacts Wall Avenue and the Dow Jones loses 1.4%

NEW YORK, New York.- This Thursday, the day on Wall Avenue opened with losses, affected by knowledge from the Gross home product (GDP) for the primary quarter, worse than anticipated, and after a number of disappointing company outcomes this week.

On the opening

Ten minutes after the opening of the New York Inventory Changehe Dow Jones Industrials, its fundamental indicator, opened with a decline of 550 factors, 1.44%, to 37,909 integers; whereas the selective S&P 500 fell 1.39% to 4,999.17, shedding the extent of 5,000 factors, and the technological Nasdaq It fell 2.08% to face at 15,385 integers.

What impacts the markets right this moment?

The preliminary GDP knowledge for the primary quarter was a development of 1.6% in an annualized price, under what analysts anticipated, which pushed all indicators downward within the first hour.

Meta continued to endure declines after presenting disappointing projections for 2024 this Wednesday and regardless of better-than-expected first quarter outcomes.

The group of the large seven expertise corporations opened with widespread losses, with Alphabet, proprietor of Google, with a decline of greater than 4%, Amazon, with a fall of about 5% and Microsoft in the same downward pattern.

Tesla contained the setback after saying measures to handle falling gross sales, whereas Nvidia remained unchanged on the opening.

By sectors

Within the sectors, communications fell shut to six%, whereas discretionary items misplaced 1.27% and actual property fell 1.23%. Solely important items had been maintained with out getting into into losses on the opening.

Within the Dow 30 index, the falls had been led by IBM (-8.63%), Caterpillar (-7.47%), Microsoft and Amazon. Within the inexperienced, Merck, MSD exterior the US stood out, with a rise of three.55% and Coca-cola, with a rise of 1.14%.

You may additionally have an interestr: “Value of the greenback right this moment, Thursday, April 25, 2024”