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Benzinga
Benzinga
Business
Wayne Duggan

'Warning Sign': Experts React To Surprise 1.4% Drop In US GDP

GDP United States Commerce Department Bill Adams Chris Zaccarelli Inflation Jeffrey Roach Joseph Brusuelas ETF

The SPDR S&P 500 ETF Trust (NYSE:SPY) traded higher by 2.1% on Thursday after the Commerce Department said U.S. GDP declined 1.4% in the first quarter.

What Happened: U.S. GDP unexpectedly declined 1.4% in the first quarter, falling well short of consensus economist estimates of 1% growth.

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