Published on 25 Apr 2024 on etf.com via Yahoo Finance
Here is What is Happening in Markets: April 25
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Markets are in the red to kick off the trading day on Thursday after the Commerce Department reported that the economy had slowed.
Gross domestic product (GDP) grew 1.6% in the first quarter, the Bureau of Economic Analysis reported Thursday, less than the 2.2% economists had forecast. The growth rate was a sharp slowdown from the last quarter of 2023, when the U.S. economy grew by 3.4%.