Stocks slide as new data shows U.S. economy shrank in first quarter of 2025

CBS News - April 30, 2025

Stocks slide as new data shows U.S. economy shrank in first quarter of 2025

Stocks slid on Wednesday after new data showed that the U.S. GDP declined at a .3% rate in the first quarter of 2025. It was the worst quarterly performance for the U.S. economy since early 2022. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

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