U.S. markets ended April mixed amid economic concerns and tariff-related uncertainty. The Dow rose 141 points, while the Nasdaq fell 0.86% and the S&P 500 edged up 0.15%.
New data showed first-quarter GDP shrank by 0.3%, reversing previous growth. The decline was driven by a 41% surge in imports ahead of Trump's proposed tariffs, weaker consumer spending, and reduced government outlays.
Earlier optimism from paused tariffs faded as Trump’s $renewed tariff threats shook investor confidence. The S&P 500 dropped over 11% at one point in April.
Trump blamed President Biden for the weak performance, calling it a “Biden Overhang,” while urging patience for his own policies. Analysts cited tariff uncertainty as a key factor behind the market’s instability. Major companies like Nvidia and First Solar have cut forecasts due to the impact.$BTC #BinanceAlphaAlert