On April 30, 2025, Wall Street’s major indexes opened sharply lower following the release of data indicating that the U.S. economy contracted in the first quarter. This downturn has heightened concerns about the negative economic impact of President Donald Trump’s tariff policies.
At the opening bell:
- The Dow Jones Industrial Average fell by 237.2 points (0.59%) to 40,290.41.
- The S&P 500 declined by 61.4 points (1.10%) to 5,499.44.
- The Nasdaq Composite experienced the steepest drop, falling 361.3 points (2.07%) to 17,099.98.
The market reaction reflects growing investor anxiety over the trajectory of the U.S. economy amid protectionist trade measures.
Source: Reuters
