Story perspectives
US Markets Plunge Amid Economic Contraction and Low Confidence
5/1/2025
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Story summary
- US markets experienced volatility in April, with the S&P 500 and Dow ending a seven-day winning streak.
- The US economy contracted for the first time since 2022, raising investor uncertainty.
- Canadian markets responded to a minority government, while US consumer confidence fell to a pandemic-era low.
- European markets had mixed results; UK equities gained slightly, and new crypto regulations were proposed.
