Around 2:50 PM in Lisbon, the Dow Jones Industrial Average fell 1.61% to 39,877.05 points, while the S&P 500 declined by 1.54% to 5,475.03 points. At the same time, the Nasdaq Composite dropped 2.44% to 17,034.93 points.
This market performance occurs following the announcement that the United States’ Gross Domestic Product (GDP) decreased by 0.3% from January to March. This marks the first decline in three years, attributed to a surge in imports ahead of the tariffs imposed by Donald Trump. The decrease in the U.S. GDP was below analysts’ estimates, who had forecasted a 0.4% drop.
Investors remain vigilant with the latest developments concerning negotiations on the tariff increases imposed by Donald Trump. On Tuesday, the Dow Jones Industrial Average rose by 0.75%, the Nasdaq gained 0.55%, and the broader S&P 500 advanced by 0.58%, buoyed by a reduction in tariffs on the U.S. automotive sector.
