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American stocks decreased sharply on Wednesday morning, as new data showed that the economy was contracted for the first time since 2022, and they will prepare investors. Flood of profits.
The Nasdaq Stock Exchange led the decrease, a decrease of 2.6 % after a short period of the opening bell, while the S&P fell 2 %. Download Jones Industrial MEVERICE exceeded 701 points, or 1.7 %.
Microsoft (Msft-1.97 %) And meta (Dead-3.78 %)) Reporting profits After the bell, while two main economic reports-pre-appreciation of the GDP in the first quarter and the employment cost index-were issued before the bell.
Here is what to see today.
American economics contracts, fainting markets
The US economy has decreased for the first time since 2022, as the high imports weighing on GDP and inflation increased more than expected.
According to the prior estimate of the Economic Analysis Office, the gross domestic product was contracted at an annual rate of 0.3 % in the first quarter – more severe than economists by 0.2 %. The decrease represents a sharp reflection of the 2.4 % growth rate recorded in the last quarter of 2024.
Prediction markets Now a point For strong belief that the recession is on the way – or is already underway.
A visa that exceeds profits, ignore the market
Visa (Fifth-0.81 %Publish a Strong Q2With the GAAP level increased by 10 % to $ 2.76 and revenue increased 9 % to 9.6 billion dollars. The volume of payments grew by 8 %, the border volume increased by 13 %, and the company announced the re -purchase of $ 30 billion. However, the stock decreased to the decline in the markets – perhaps because the rhythm had already baked. The visa shares have increased by 25 % in the past 12 months.
Starbucks drowns in sliding sales
Starbucks (Sbux-9.15 %The shares decreased by 8 % after reporting A quarter rough. Similar sales in the United States decreased by 2 % to a 4 % decrease in transactions, while international operating income decreased by 7 %. The total profitability of the arrow is 50 % drowning. Executive officials blame the costs of restructuring and bad weather, but China’s flat sales and traffic shrinking indicates a wider consumer slowdown. The shares drowned 9 % before the market.
Yum and Mondelez Back direction
Yum brands (Yes-0.99 %) Delivery a FabricEPS 13 % increased as a force in Taco Bell and KFC to compensate for weakness in a hut pizza. Al -Fadl CEO David Gibs Global Yum, digital momentum, and a new partnership of artificial intelligence with NVIDIA (Nvda-3.87 %).
Mondeelz (Mdlz+3.75 %Published also Strong resultsWith increased organic revenues by 4.2 % and EPS by approximately 9 % higher. Emerging markets led growth, while North America was fixed. It turns out that cookies and chocolate remain a flexible tolerance even as the most warmer café visits are inspected.
The demand for travel remains standing on his feet
Reservation property (bkng-1.97 %) Defeat Expectations As 8 % revenue grows and an increase of 7 % in total reservations. Alternative accommodation exceeded traditional hotels, and the company witnessed a great leap in airline reservations. The results are contradicting the warnings of the recent airlines, which allows travelers to change how – but not whether they are spent.