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Stocks Tumble as Jobless Claims and GDP Slow

2/28/2025

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Summary

Story summary

U.S. stocks declined Thursday, with Nasdaq down 2.8%, S&P 500 falling 1.6%, and Dow Jones decreasing 0.5%.
Weekly jobless claims increased to 242,000, surpassing forecasts.
Q4 GDP growth slowed to 2.3%, primarily due to consumer spending.
Nvidia shares fell 8% following disappointing earnings results.
Gold and silver prices decreased by 1.6% and 2.4%, respectively.

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Story summary

U.S. stocks declined Thursday, with Nasdaq down 2.8%, S&P 500 falling 1.6%, and Dow Jones decreasing 0.5%.
Weekly jobless claims increased to 242,000, surpassing forecasts.
Q4 GDP growth slowed to 2.3%, primarily due to consumer spending.
Nvidia shares fell 8% following disappointing earnings results.
Gold and silver prices decreased by 1.6% and 2.4%, respectively.