US GDP Grows 2.5 Percent In First Quarter
The US economy grew by 2 percent in the first quarter of the year. The increase was partially driven by investment in artificial intelligence equipment, such as data centers, and AI software. This economic data provided a boost to Wall Street on Thursday. The S&P 500 added 73 points, while the NASDAQ rose by 200 points. Following the report, the Dow Jones Industrial Average rose 790 points, a 1.6 percent increase. The NASDAQ rose 219 points and also achieved a record closing high. Preliminary data from the US Department of Commerce released on April 30 shows US GDP grew at a 2 percent annual rate in the first quarter. High gas prices may lead to cuts in discretionary spending, potentially acting as a drag on the broader economy. The Bureau of Economic Analysis reported this morning that US gross domestic product grew at an annualized rate of 2 percent from January to March.
Topics
Developing
- 890d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 890d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 890d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 890d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
“we got GDP numbers out today, 2% growth in the US economy in the first quarter of the year. A little bit lower than many expected though.”
“we got GDP numbers out today, 2% growth in the US economy in the first quarter of the year.”
“we got GDP numbers out today, 2% growth in the US economy in the first quarter of the year. A little bit lower than many expected though.”
“2% growth in the US economy in the first quarter of the year. A little bit lower than many expected though. Yeah, less than the 2.3% average estimate.”
“美国第四季度GDP仅增长1 . 4 % 经济学家警告 ： 衰退风险比想象更高 ！”
“spending, grew at an annual rate of 1.6% during the first quarter, business investment was up sharply as companies continued to pour money into data centers and artificial intelligence.”
“US First Quarter GDP Grows 1.6 Percent. Initially we had a read of 1.4 percent. The final read was only a half a percent.”
“The U.S. economy grew at an annual rate of 2 percent in the first three months of the year. That's a little bit slower than forecasters had expected”
“The U.S. economy grew at an annual rate of 2 percent in the first three months of the year.”
“The U.S. economy grew at an annual rate of 2 percent in the first three months of the year.”
“Consumer spending grew at an annual rate of 1.6 percent during the first quarter. Business investment was up sharply as companies continued to pour money into data centers and artificial intelligence.”
“The U.S. economy grew at an annual rate of 2 percent in the first three months of the year. That's a little killed more than 100 Iranian schoolgirls, and Iran's blockade driving up prices as reasons the war is unpopular.”
“gross domestic product grew at a 2 percent seasonally adjusted annualized rate in the first quarter up from 0.5% in the fourth”
“미국 상무부는 올해 1분기 미국의 국내 총 생산, GDP 증가율 속보치가 2%로 집계됐다고 발표했습니다.”
“Economic data also showed US GDP rising at an annual rate of 2% in the first quarter. The S&P 500 rose 1% to 7209, the NASDAQ rose 0.9% to 24892, and the Dow rose 1.6% to 49652.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade