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.
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)
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)
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)
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)
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)
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)
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)
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)
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