04/30/2025

Wall Street Tumbles at the Open as U.S. Economy Contracts in Q1 2025

Financial indexes opened sharply lower on Wednesday

Wall Street's main indexes opened sharply lower on Wednesday after data showed the world's largest economy contracted in the first quarter, amplifying worries about the economic hit from President Donald Trump's tariff policies.

The Dow Jones Industrial Average fell 237.2 points, or 0.59 percent, at the open to 40,290.41.

Meanwhile, the S&P 500 fell 61.4 points, or 1.10 percent, at the open to 5,499.44​, while the Nasdaq Composite dropped 361.3 points, or 2.07 percent, to 17,099.977 at the opening bell.

Please select this link to read the complete article from Reuters.