GDP, PCE, Jobs Data Mixed

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Federal Reserve

Investor's Business Daily

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US Politics

ADP Shows Job Gains Stalling. GDP On Tap. (Live)

Summary

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82% Informative

First-quarter GDP data showed that the U.S. economy contracted slightly.

The core PCE price index, the Fed 's favored inflation gauge, rose at a 3.5% annual rate in Q1 .

The S&P 500 futures are now down 1.4% and the 10-year Treasury yield has now advanced to 4.21% .

S&P 500 S&P 500 futures are pointing down 0.7% early Wednesday . The S&P 500 is trying to extend a six-day winning streak facilitated by President Trump backing away from his more contention tariff moves and threats against China and the automotive sector. The S&P 500 and Nasdaq have been moving toward their 50-day moving averages. Be sure to read IBD's The Big Picture column after each trading day to get the latest on the prevailing stock market trend and what it means for your trading decisions. YOU MAY ALSO LIKE:.

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formal

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English

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not offensive

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not hateful