1/5/2025, 10:02:03 am

A triple whammy of weak economic data is hitting stocks today

Major US indexes fell Wednesday as negative GDP, inflation, and labor data signaled economic weakness. The GDP contracted in Q1, the first drop since 2022, while inflation rose and private payrolls slowed, increasing recession risks. The Dow Jones dropped 232.85 points, the S&P 500 fell 0.79%, and the Nasdaq lost 1.05%.