Return to the profits the shares in Wall Street In today’s closure (30.4.2025), despite their downward trend earlier, with fears that the US economy will bend at the expense of Donald Trump’s trade war.
After a 2%drop in a report showing a shrinkage of gross domestic product (GDP), the S&P 500 on Wall Street rose 0.15%, while Nasdaq fell about 0.1%. Industrial Dow Jones proceeded by 141 points or 0.35%. First quarter GDP decreased at a rate of 0.3%, according to the Ministry of Commerce on Wednesday, a rapid reversal of 2.4% in the fourth quarter.
Overall in April, Dow Jones and S&P 500 fell 3.1% and 0.8% respectively while Nasdaq rose 0.8%.
Some traders noted that data were distorted by importing imports by 41% in the last quarter, as companies have tried to prevent Trump’s duties. However, the report also showed a great deal of deceleration of consumer spending and a reduction in government spending amid Elon Musk’s cuts to Doge.
However, other evidence has shown that the economy still stands. Consumer spending in the first quarter increased with the shorter quarterly pace since 2023. A separate report showed that spending increased by 0.7% in March, exceeding the 0.5% expected by economists.