Dow Jones tumble by 2.77% and trading at 32,977 as as USA GDP contracted by 1.4% in March-2022 ending quarter when compared YoY
Nasdaq tumble by 4.17% and trading at 12,334.
S&P 500 tumble by 3.63% and trading at 4,131 whereas 52 week high was 4,818.
Street expected USA GDP will grow by 1% for March-2022 ending quarter but it is a negative surprise for the street as USA GDP contracted by 1.4% in Q1 of 2022 when compared YoY.
Overall bears take control of the Global Stock Markets in April-2022 due to Russia and Ukraine war, FED interest rate hikes, USA GDP contraction news.