Stocks stumble as GDP news stokes recession fears and Trump puts blame on 'Biden's stock market

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Stocks stumble as GDP news stokes recession fears and Trump puts blame on 'Biden's stock market

^{Published on 2025-04-30 11:01:04 - Fortune}

Gross Domestic Product numbers showed a huge turnaround from the fourth quarter.

The article from Fortune discusses the U.S. stock market's performance on the day when the Commerce Department released its first estimate of second-quarter GDP growth, which was reported at an annual rate of 4.1%, the strongest growth since 2014. This growth was attributed to increased consumer spending and exports, although it was noted that the boost from exports might be temporary due to businesses rushing shipments ahead of new tariffs. The article also mentions that despite the positive GDP news, the stock market showed mixed reactions with the Dow Jones Industrial Average slightly up, while the S&P 500 and Nasdaq Composite experienced declines. Additionally, the article touches on the ongoing trade tensions, particularly with China, and their potential impact on future economic growth, with some market analysts expressing concerns about the sustainability of the GDP growth in light of these tensions and the looming threat of further tariffs.

Read the Full Fortune Article at:
[ https://fortune.com/article/stock-market-wall-street-open-gdp-trump-tariffs-dow-nasdaq/ ]

N@N

Stocks stumble as GDP news stokes recession fears and Trump puts blame on 'Biden's stock market