US stocks fall as weak GDP growth spreads rate-cut gloom
Fri, Apr 26, 2024 8:41 AM

US stocks fall as weak GDP growth spreads rate-cut gloom

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Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms. Data on Thursday showed that the U.S. economy grew at its slowest pace in nearly two years in the first quarter.

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