U.S. Markets End Mixed as GDP Shrinks and Investors Digest Earnings

U.S. Markets End Mixed as GDP Shrinks and Investors Digest Earnings

Major U.S. stock indexes closed Wednesday’s session mixed after a late-day rally helped offset early losses. The rebound followed data from the Bureau of Economic Analysis, which revealed that the U.S. GDP contracted in Q1, marking the first economic output decline since Q1 2022.

Index Performance

• S&P 500: +0.2% to 5,569.1 (7th straight gain)

• Dow Jones Industrial Average: +0.4% to 40,669.4 (7th straight gain)

• Nasdaq Composite: -0.1% to 17,446.3

  • Despite the dip, Nasdaq gained 0.9% in April, ending a two-month losing streak.

  • Dow and S&P 500, however, posted their third consecutive monthly declines.

Top Stock Movers

? Gainers:

• Trane Technologies (TT): +8.5%

  • Surged after beating Q1 sales and earnings estimates. Strong organic revenue growth supported the performance.

• Western Digital (WDC): +8.0%

  • Rose after topping quarterly expectations and announcing a new quarterly dividend program.

? Decliners:

• Super Micro Computer (SMCI): -12.0%

  • The worst performer on the S&P 500. The AI server maker cut its Q3 financial outlook late Tuesday.

• Newell Brands (NWL): -7.5%

  • Dropped after issuing a weak Q2 outlook and downgrading full-year sales guidance, citing macroeconomic challenges.

Sector & Commodity Snapshot

• Most S&P 500 sectors ended in the green, though energy stocks saw the steepest losses.

• Oil (WTI Crude): -3.7% to $58.16/barrel

  • Pressured by OPEC+ concerns and lingering tariff risks.

• Gold: -0.8% to $3,306.70/oz

• Silver: -2.5% to $32.75/oz

Market Breadth & Volume

• On the NYSE, declining stocks outpaced advancers by a 1.19-to-1 ratio.

• On the Nasdaq, the ratio was 1.28-to-1 in favor of decliners.

• S&P 500: 10 new 52-week highs, 3 new lows

• Nasdaq Composite: 39 new highs, 85 new lows

• Total volume: 16.97 billion shares traded, below the 20-day average of 19.57 billion.