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On Thursday, April 25th, the U.S. stock markets closed lower, impacted by surprising data indicating sluggish U.S. economic expansion and ongoing inflation. This downturn was exacerbated by a broad sell-off in major stocks following underwhelming earnings from Meta Platforms META. Related: Meta's Q1 Earnings: Most Analysts Support AI Strategy, While One Says 'Use Meta As A Source Of Funds,' Questions Its Long-Term Value The U.S. economy grew at an annualized rate of 1.6% in the first quarter, slowing from 3.4% in the previous quarter and falling short of the expected 2.5% growth. The core personal consumption expenditures price index rose 3.7% annually, up from 2% in the previous quarter. Communications stocks, notably affected by Meta, led losses in the S&P 500, with healthcare, real estate, financials, consumer staples, and consumer discretionary sectors also falling. The Dow Jones Industrial Average declined 0.98% to close at 38,085.80. The S&P 500 was down 0.46%, ending the day at 5,048.42, and the Nasdaq Composite slid 0.64%, finishing the session at 15,611.76. Asia Markets Today Eurozone at 06:15 AM ET Commodities at 06:15 AM ET US Futures at 06:15 AM ET Dow futures were up 0.12%, S&P 500 futures rose 0.65%, and Nasdaq 100 Futures gained 0.92%. Forex at 06:15 AM ET The U.S. Dollar Index gained 0.05% to 105.65, USD/JPY was up 0.73% to 156.79, and USD/AUD slipped 0.23% to 1.5305. Photo by Pavel Bobrovskiy via Shutterstock Market News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.