New York Stock Exchange continues to fall after data on GDP deceleration
The New York Stock Exchange continued to fall at the start of today's session, after the release of worse-than-expected data for the growth of the Gross Domestic Product (GDP) of the United States of America (USA).
© Lusa
Economia Bolsas
Around 15:00, the Dow Jones index fell 1.72% to 37,798.83 points, while the Standard & Poor's fell 1.40% to 5,000.77 points and the Nasdaq technology fell 1.98% to 15,402.13 points.
The first estimate from the US Department of Commerce, released today, indicates that the US economy slowed in the first quarter, growing at an annualized rate of 1.6% and showing that high interest rates may be penalizing loans and consumption.
US GDP slowed between January and March after a strong 3.4% growth in the last three months of 2023.
Data from the US Department of Labor indicates that US jobless claims fell by 5,000 in the week ending April 20, totaling 207,000.
The unrevised value for the previous week was 212,000 applications, a number that remained in the six previous weeks.
The four-week moving average, which is a more reliable indicator of the performance of the US labor market, was 213,250, a decrease of 1,250 compared to the unrevised average of the previous week, of 214,500.
The seasonally adjusted insured unemployment rate was 1.2% in the week ending April 13, remaining unchanged from the unrevised rate of the previous week.
Also Read: Lisbon Stock Exchange up with BCP rising 1.12% (Portuguese version)
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