Wall Street tumbles and S&P 500 drops 2% following signs that US economy is sputtering

Wall Street tumbles and S&P 500 drops 2% following signs that US economy is sputtering https://www.taxtmi.com/news?id=42511 Tariff-driven trade policy uncertainty led importers to front-load purchases, contributing to a weaker-than-expected GDP reading and elevating stagflation risk; this constrained conventional monetary policy options. Markets fell on the growth warning, with AI-related companies trimming forecasts and employment data showing softer private hiring, while bond yields eased amid cross-market volatility. The confluence of trade measures, corporate results and macro indicators increases downside growth risk and complicates policy responses. en-us Wed, 30 Apr 2025 20:01:04 +0530 Wed, 30 Apr 2025 20:01:04 +0530 TaxTMI RSS Generator Wall Street tumbles and S&P 500 drops 2% following signs that US economy is sputtering https://www.taxtmi.com/news?id=42511 Tariff-driven trade policy uncertainty led importers to front-load purchases, contributing to a weaker-than-expected GDP reading and elevating stagflation risk; this constrained conventional monetary policy options. Markets fell on the growth warning, with AI-related companies trimming forecasts and employment data showing softer private hiring, while bond yields eased amid cross-market volatility. The confluence of trade measures, corporate results and macro indicators increases downside growth risk and complicates policy responses. News - Wed, 30 Apr 2025 20:01:04 +0530 https://www.taxtmi.com/news?id=42511