Mixed stocks in news of declining GDP mix together, increasing fear of a recession
The US stock indexes were mixed on Wednesday and concluded A chaotic moon Because of President Donald Trump’s ever-changing stock market Customs policy The fear of a growing recession. The S&P 500 scored 0.15% on Wednesday Dow The Jones Industrial Average rose 0.35% nearby. On the other hand, there are a lot of technology Nasdaq Composites fell by 0.09%.
Stocks have recently recovered in the past few days as Trump administration officials suggested they could reach a trade deal that could cool the ongoing trade war. However, news of the first quarter contraction of 0.3% in the economy, which came before the full impact of April’s tariffs were explained, will see the index fall early on Wednesday as fears of a recession rose, but S&P and Dow Jones recovered by the end of trading day.
The Commerce Department’s announcement on the contract economy is due to business uncertainty over Trump’s tariff plans and slowing consumer spending. The news marks a dramatic shift from the first contraction since the first quarter of 2022 and the 2.4% growth in gross domestic product experienced in the last quarter of 2024.
Stocks were assaulted in the aftermath of Trump’s “liberation day” tariff announcement on April 2, but they were slowly recovering in the weeks that followed, as the president hopes to soften his policies and reach deals with trading partners.
So far, no deals have appeared, and the Trump administration has made conflicting explanations as to where negotiations are. On Wednesday afternoon, Trump Top Trade Advisor Peter Navarro said the White House was Nearly negotiating a customs contract With India.
Trump’s first 100 days
The President has closed his first 100 days The worst start For the President’s stock market in recent memory.
From January 20th to late April, the S&P 500 fell almost 8%. luckBen Weiss and Irina Ivanova Reported on Tuesdaythe worst kickoff to the new president’s term since Gerald Ford took over after Richard Nixon resigned.
“The US stock market and the dollar are worse than it has continued in the first 100 days of all other presidential conditions since 1980,” John Higgins, chief market economist in capital economics, wrote Monday in a research note entitled “The next 100 days certainly not the last turbulence.”
Key revenues for the second half of Wednesday will be closely monitored on Wall Street. Qualcomm, Metaand Microsoft All reports after the closed bell.
This story was originally introduced Fortune.com