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progree

(11,015 posts)

9. There are 2 revisions coming: one late May, and one late June.

Reply to mahatmakanejeeves (Original post)

Thu Apr 25, 2024, 05:24 PM

Apr 25

It's always that way with the GDP reports: the first one comes out late in the month following the end of the quarter (in this case the end of the quarter was March 31 and the first report came out today, April 25).

The 2nd one comes out a month after that, and the third and final one a month after the 2nd one.

The stock market didn't get too badly clobbered, the S&P 500 down just 0.46% (it was down 1.6% at its lowest point around 10 am EDT, so it made a good if not complete recovery from that point). https://finance.yahoo.com/quote/%5EGSPC

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Highlight:

U.S. economy grew at 1.6 percent annual rate in first quarter 2024, a sharp slowdown [View all] mahatmakanejeeves Apr 25 OP

BREAKING: Economy grew at 1.6% annualized rate in first quarter as consumer spending slowed - Washington Post Traurigkeit Apr 25 #1

Thanks. Will use that. NT mahatmakanejeeves Apr 25 #2

From Bloomberg BumRushDaShow Apr 25 #3

Yeah, CNBC was sort of goofy this morning. mahatmakanejeeves Apr 25 #4

Every criminal should be allowed to appoint their own judges IronLionZion Apr 25 #5

Top 'o the day to you! BumRushDaShow Apr 25 #6

These GOP controlled media outputs makes any good news bad for democrats. Traurigkeit Apr 25 #8

Message auto-removed Name removed Apr 25 #7

There are 2 revisions coming: one late May, and one late June. progree Apr 25 #9

Can someone explain the markets to me? I would've thought this would've been good news for stocks. Yavin4 Apr 25 #10

The best way to put it is the market has a split personality jgmiller Apr 25 #11

No, but my guess is that this one was so far below expectations that it revived fears of a serious slowdown or recession progree Apr 25 #12

Oh and someone is always making money in the market jgmiller Apr 25 #13

The inflation reading that came with the report was a hotter than expected 3.7% progree Apr 25 #14