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×Dow Jones falls 1% on GDP data
US stock indices ended Thursday in the red amid a rise in bond yields after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected.
The Dow Jones Industrial Average fell for the second straight session, down 1%, or 375 points, to 38,085 points.
The S&P 500 index dropped 0.45%, or 23 points, to 5,048 points, and the Nasdaq index declined 0.65%, or 100 points, to 15,611 points.
Regarding European markets, the STOXX Europe 600 index fell by 0.65% to 502.3 points.
On the other hand, the British FTSE 100 index rose 0.5% to 8,078 points. Meanwhile, the French CAC 40 index fell by 0.95% to 8,016 points. The German DAX retreated almost by the same percentage to 17,917 points.
The Nikkei index dived 2.15%, or 831 points, to 37,628 points, and the broader Topix index dropped by 1.75% to 2,663 points.
As for oil, Brent crude futures for June delivery rose 1.1%, or $0.99, to settle at $89.01 a barrel, the highest level since April 16, when they reached $90.02.
Meanwhile, futures prices for US West Texas Intermediate (WTI) crude increased 0.9%, or $0.76, to $83.57 per barrel, the highest level since April 16, when they reached $84.83.
As for gold, futures for June delivery rose by 0.2%, or $4.1, to $2,342.5 per ounce.
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