Markets sold off all day after the morning's first-quarter GDP report came in well short of expectations, showing the U.S. economy grew by a paltry 1.6 percent. Economists predicted growth of about 2.4 percent.

Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and stubbornly high inflation.

Dow Jones backslides over 500 points as investors balk at inflation complications.

Stocks closed lower on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags

The US economy grew at an annualized rate of 1.6% in the first three months of the year, badly lagging expectations of 2.4%.

The GDP numbers might be parsed more for what they say about inflation than growth. Baked into the GDP report will be the Commerce Department's quarterly PCE price index data. From that, one can get an idea for what the PCE price data for March,

Big Tech earnings and GDP data are in focus as markets look to defend a largely positive week for the S&P 500.

US stocks were mostly lower on Wednesday as traders prepared for the release of first-quarter GDP data and digested the latest round of corporate earnings. Investors are waiting on advanced estimates for first-quarter GDP to roll out tomorrow morning,