US stock markets open sharply lower as economic contraction sparks...

Dununu.com Dununu

Sponsor

US stock markets open sharply lower as economic contraction sparks selloff

RSS Feed Business

Posted

91

US markets opened in red as the economy unexpectedly shrank by 0.3% in the first quarter, driven by increased imports and slower consumer spending. The decline raised concerns about President Trump's tariff policies, with the Dow, Nasdaq, and S&P 500 all experiencing significant drops. European and Asian markets showed mixed reactions amidst global trade uncertainties.

Read Full Article

Please log in to like, share and comment!

Neil Burger on how Phoebe Dynevor's 'Inheritance' breaks away

Neil Burger's 'Inheritance' is a tense espionage thriller that explores themes of identity and...

By 0 29

TikToker with 1 million followers calls DC shooter a 'resistance fighter', calls victims 'war criminals'; video taken down

Guy Christensen, a teenage social-media influencer, is facing backlash after urging his followers...

By 0 39

Are influencers the new actors? Bollywood debates the shift

In the digital age, where a social media following can often eclipse traditional credentials,...

By 0 42

Donald Trump threatens 25% tariff on Apple — will other tech companies face the heat? Here’s what the US President said

Donald Trump has warned Apple that iPhones made outside the US could face a 25% tariff,...

By 0 68

US judge blocks bid to bar Harvard's international students

By 0 108