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Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors

Investors Hit Financially as Major U.S. Indexes Fall in Repose to GDP Report

Investors Hit Financially as Major U.S. Indexes Fall in Repose to GDP Report

Investors were hit as stocks took a nosedive on Thursday, reacting to the latest figures from the U.S. Gross Domestic Product (GDP), which saw a growth of just 1.6% in the first quarter, falling short of economists' expectations of a 2.4% increase, as polled by Dow Jones. This highlighted a concerning deceleration in growth and ongoing inflation concerns that affected major markets. The Dow Jones Industrial Average was down 663 points, with notable downturns in shares of Caterpillar and IBM contributing to the decline. Meanwhile, the S&P 500 and the Nasdaq Composite experienced decreases as well. As the stock market shifted downward, bond values rose, with the yield on the 10-year Treasury note reaching 4.722% at one point, its highest mark since November. Senior Economist at Interactive...

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