U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.
Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange, Monday, April 28, 2025. (AP Photo/Richard Drew)
Christopher Lagana works on the floor at the New York Stock Exchange in New York, Wednesday, April 30, 2025. (AP Photo/Seth Wenig)
People arrive before President Donald Trump speaks on his first 100 days at Macomb County Community College Sports Expo Center, Tuesday, April 29, 2025, in Warren, Mich. (AP Photo/Paul Sancya)
President Donald Trump waves as he arrives at Newark Liberty International Airport in Newark, N.J., Saturday, April 26, 2025, upon returning from a trip to attend the funeral of Pope Francis at the Vatican. (AP Photo/Evan Vucci)
Paul Ivanov chants slogans during a protest against the Trump administration, Saturday, April 19, 2025, in Miami. (AP Photo/Lynne Sladky)
A Chinese and American flag fly outside a Paslin facility Wednesday, April 23, 2025, in Warren, Mich. (AP Photo/Paul Sancya)
Owner Lisa McDonald packages loose leaf tea orders at the TeaHaus Thursday, April 24, 2025, in Ann Arbor, Mich. (AP Photo/Paul Sancya)
Containers are stored at a container terminal in Frankfurt, Germany, Friday, April 25, 2025. (AP Photo/Michael Probst)
Elizabeth Mahon, owner of the baby store Three Littles, explains tariff-driven price increases to a caller searching for stroller recommendations at her Union Market location in Washington, on Wednesday, April 16, 2025. (AP Photo/Nathan Howard)
Workers stand near a model demonstrating products from the China Automotive Chip Alliance during the Shanghai auto show on Thursday, April 24, 2025. (AP Photo/Ng Han Guan)
Shipping containers are seen at Port Jersey, Friday, April 18, 2025, in Jersey City, N.J. (AP Photo/Julia Demaree Nikhinson)
People line up for groceries outside The Campaign Against Hunger’s distribution center in the Brooklyn borough of New York, Tuesday, April 15, 2025. (AP Photo/James Pollard)
Boxes of eggs are seen at a Jewel-Osco grocery store in Chicago, Saturday, April 19, 2025. (AP Photo/Erin Hooley)
An empty Paslin facility is shown Wednesday, April 23, 2025, in Shelby Township, Mich. (AP Photo/Paul Sancya)
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