VWO - Crude And Gold Trade Higher; Major Asia Indexes And Europe Rise - Global Markets Today While US Slept | Benzinga
On Thursday, April 25th, the U.S. stock markets closed lower, impacted by surprising data indicating sluggish U.S. economic expansion and ongoing inflation. This downturn was exacerbated by a broad sell-off in major stocks following underwhelming earnings from Meta Platforms (NASDAQ:META).
The U.S. economy grew at an annualized rate of 1.6% in the first quarter, slowing from 3.4% in the previous quarter and falling short of the expected 2.5% growth.
The core personal consumption expenditures price index rose 3.7% annually, up from 2% in the previous quarter.
Communications stocks, notably affected by Meta, ...