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Post-Bell | Nasdaq Falls 100 Points; Alphabet Soars 12% While Microsoft Jumps Over 4%

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks trig

Post-Bell | Nasdaq Falls 100 Points; Alphabet Soars 12% While Microsoft Jumps Over 4%

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The search giant operator also authorized its first ever dividend, as well as a $70 billion buyback.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> – The tech giant saw shares climb 4.5% in extended trading after the software maker posted fiscal third-quarter results that surpassed Wall Street’s expectations. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/SNAP\">Snap</a> – Shares soared more than 27% in afterhours trading after the social media firm reported first-quarter results that beat analysts’ estimates. Revenue increased 21% to $1.19 billion, primarily driven by improvements in the company’s advertising platform.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/INTC\">Intel</a> – The tech stock slid 8% in extended trading after the company missed expectations for first-quarter sales and gave a weak forecast for the current quarter. Intel reported earnings that beat Wall Street expectations, however.</p><p><a href=\"https://laohu8.com/S/RBRK\">Rubrik</a> - Rubrik&#39;s shares climbed over 15% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion.</p><p>The startup joins a list of companies that have seen strong debuts recently as initial public offerings (IPOs) bounce back on hopes of a soft landing for the economy, where inflation falls without a recession or big job losses.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DXCM\">Dexcom</a> – The manufacturer of glucose monitoring systems fell 8%, even as the company posted beats on the top and bottom lines. Dexcom reported adjusted earnings of 32 cents per share on revenue of $921 million in revenue. Analysts polled by FactSet anticipated 27 cents per share in earnings and $909.9 million of revenue.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/GILD\">Gilead Sciences</a> – The biotech stock jumped almost 3% after a better-than-feared quarterly report. Gilead posted a loss of $1.32 per share, narrower than a loss of $1.49 per share expected by analysts polled by LSEG. Revenue of $6.69 billion also came in above expectations.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/SKX\">Skechers</a> – The shoe company advanced more than 7%. Skechers reported first-quarter earnings of $1.33 per share and revenue of $2.25 billion. Those results surpassed the earnings of $1.10 per share and $2.2 billion in revenue anticipated by analysts polled by LSEG.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/LHX\">L3Harris Technologies</a> – Shares rose nearly 2% after the aerospace and defense company handed in a stronger-than-expected report. L3Harris posted an adjusted EPS of $3.06 and surpassed consensus estimates of $2.90 per share, per LSEG. Revenue of $5.21 billion also came in higher than an estimate of $5.11 billion.</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> reported first-quarter earnings and revenue that topped expectations but guidance that missed forecasts, sending shares of the parent of Facebook and Instagram down 11%. Meta projects second-quarter revenue of $36.5 billion to $39 billion; the midpoint of the range was just shy of analysts’ consensus of $38.2 billion. Meta projected 2024 capital expenditures of $35 billion to $40 billion, above its previous range of $30 billion to $37 billion, on higher artificial-intelligence-related spending.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/IBM\">International Business Machines</a> is buying the cloud-software company  HashiCorp  for $35 a share in cash, or about $6.4 billion. It also reported first-quarter revenue of $14.47 billion, up 1% or 3% adjusted for currency; Wall Street estimate was $14.53 billion. Adjusted earnings were $1.68 a share, higher than the $1.60 consensus. Free cash flow was $1.9 billion, up $600 million from the year earlier. Shares were down 8.3%. HashiCorp jumped 5% to $32.98.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/BMY\">Bristol Myers Squibb</a> was falling 8.5% after the drugmaker posted a narrower quarterly loss and better-than-expected revenue, but cut its profit forecast for the full year.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> declined 9% after the carrier reported a wider-than-expected loss and said it expects to receive 20 Boeing 737 MAX planes this year, down from a previous forecast of 46 and its initial estimate of 85.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/CAT\">Caterpillar</a> was down 6.6% after first-quarter revenue missed estimates on lower sales volumes. Revenue of $15.8 billion was below Wall Street expectations of $16 billion. Lower sales volumes, Caterpillar said, were mostly offset through “favorable price realization.” Operating profit margins improved to 22.2% in the first quarter from 21.1% a year earlier.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/TXT\">Textron</a> declined 10% after reporting disappointing first-quarter earnings and saying it would be cutting jobs under a restructuring plan.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/HTZ\">Hertz Global</a> dropped 20% after the rental car company reported a wider-than-expected first-quarter loss and said it sold more electric vehicles from its fleet than originally planned in the period.</p><p style=\"text-align: start;\">Shares of <a href=\"https://laohu8.com/S/MRK\">Merck</a> were up 3% after the drugmaker reported first-quarter earnings that beat analysts’ expectations and raised its full-year sales and profit outlook. Sales of cancer drug Keytruda rose 20% to $6.9 billion.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/PI\">Impinj</a> surged 27% after the internet-of-things chip company posted first-quarter adjusted earnings and revenue that beat Wall Street estimates and said it expects second-quarter revenue of $96 million to $99 million, higher than estimates of $79 million.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_1907414516\">US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes</h3><p>US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.</p><p style=\"text-align: start;\">Gross domestic product increased at a 1.6% annualized rate, below all economists’ forecasts, the government’s initial estimate showed. A wider trade deficit subtracted the most from growth since 2022. The economy’s main growth engine — personal spending — rose at a slower-than-forecast 2.5% pace.</p><p style=\"text-align: start;\">A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip, the first quarterly acceleration in a year, the Bureau of Economic Analysis report showed Thursday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Post-Bell | Nasdaq Falls 100 Points; Alphabet Soars 12% While Microsoft Jumps Over 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPost-Bell | Nasdaq Falls 100 Points; Alphabet Soars 12% While Microsoft Jumps Over 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-04-26 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/033ffba7e2990f59b87f25b13ad7a658\" tg-width=\"1080\" tg-height=\"1920\"/></p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The Dow Jones Industrial Average fell 375.12 points, or 0.98%, to 38,085.80, the S&amp;P 500 fell 23.21 points, or 0.46%, to 5,048.42 and the Nasdaq Composite fell 100.99 points, or 0.64%, to 15,611.76.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e3aea2469e50a4c143a1a29816169f31\" title=\"\" tg-width=\"946\" tg-height=\"153\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a> – Shares soared about 12% in extended trading after first-quarter earnings of $1.89 per share beat analysts’ estimates of $1.51 per share, according to LSEG, and revenues of $80.54 billion exceeded expectations of $78.59 billion. The search giant operator also authorized its first ever dividend, as well as a $70 billion buyback.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> – The tech giant saw shares climb 4.5% in extended trading after the software maker posted fiscal third-quarter results that surpassed Wall Street’s expectations. </p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/SNAP\">Snap</a> – Shares soared more than 27% in afterhours trading after the social media firm reported first-quarter results that beat analysts’ estimates. Revenue increased 21% to $1.19 billion, primarily driven by improvements in the company’s advertising platform.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/INTC\">Intel</a> – The tech stock slid 8% in extended trading after the company missed expectations for first-quarter sales and gave a weak forecast for the current quarter. Intel reported earnings that beat Wall Street expectations, however.</p><p><a href=\"https://laohu8.com/S/RBRK\">Rubrik</a> - Rubrik&#39;s shares climbed over 15% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion.</p><p>The startup joins a list of companies that have seen strong debuts recently as initial public offerings (IPOs) bounce back on hopes of a soft landing for the economy, where inflation falls without a recession or big job losses.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/DXCM\">Dexcom</a> – The manufacturer of glucose monitoring systems fell 8%, even as the company posted beats on the top and bottom lines. Dexcom reported adjusted earnings of 32 cents per share on revenue of $921 million in revenue. Analysts polled by FactSet anticipated 27 cents per share in earnings and $909.9 million of revenue.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/GILD\">Gilead Sciences</a> – The biotech stock jumped almost 3% after a better-than-feared quarterly report. Gilead posted a loss of $1.32 per share, narrower than a loss of $1.49 per share expected by analysts polled by LSEG. Revenue of $6.69 billion also came in above expectations.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/SKX\">Skechers</a> – The shoe company advanced more than 7%. Skechers reported first-quarter earnings of $1.33 per share and revenue of $2.25 billion. Those results surpassed the earnings of $1.10 per share and $2.2 billion in revenue anticipated by analysts polled by LSEG.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/LHX\">L3Harris Technologies</a> – Shares rose nearly 2% after the aerospace and defense company handed in a stronger-than-expected report. L3Harris posted an adjusted EPS of $3.06 and surpassed consensus estimates of $2.90 per share, per LSEG. Revenue of $5.21 billion also came in higher than an estimate of $5.11 billion.</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> reported first-quarter earnings and revenue that topped expectations but guidance that missed forecasts, sending shares of the parent of Facebook and Instagram down 11%. Meta projects second-quarter revenue of $36.5 billion to $39 billion; the midpoint of the range was just shy of analysts’ consensus of $38.2 billion. Meta projected 2024 capital expenditures of $35 billion to $40 billion, above its previous range of $30 billion to $37 billion, on higher artificial-intelligence-related spending.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/IBM\">International Business Machines</a> is buying the cloud-software company  HashiCorp  for $35 a share in cash, or about $6.4 billion. It also reported first-quarter revenue of $14.47 billion, up 1% or 3% adjusted for currency; Wall Street estimate was $14.53 billion. Adjusted earnings were $1.68 a share, higher than the $1.60 consensus. Free cash flow was $1.9 billion, up $600 million from the year earlier. Shares were down 8.3%. HashiCorp jumped 5% to $32.98.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/BMY\">Bristol Myers Squibb</a> was falling 8.5% after the drugmaker posted a narrower quarterly loss and better-than-expected revenue, but cut its profit forecast for the full year.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/LUV\">Southwest Airlines</a> declined 9% after the carrier reported a wider-than-expected loss and said it expects to receive 20 Boeing 737 MAX planes this year, down from a previous forecast of 46 and its initial estimate of 85.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/CAT\">Caterpillar</a> was down 6.6% after first-quarter revenue missed estimates on lower sales volumes. Revenue of $15.8 billion was below Wall Street expectations of $16 billion. Lower sales volumes, Caterpillar said, were mostly offset through “favorable price realization.” Operating profit margins improved to 22.2% in the first quarter from 21.1% a year earlier.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/TXT\">Textron</a> declined 10% after reporting disappointing first-quarter earnings and saying it would be cutting jobs under a restructuring plan.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/HTZ\">Hertz Global</a> dropped 20% after the rental car company reported a wider-than-expected first-quarter loss and said it sold more electric vehicles from its fleet than originally planned in the period.</p><p style=\"text-align: start;\">Shares of <a href=\"https://laohu8.com/S/MRK\">Merck</a> were up 3% after the drugmaker reported first-quarter earnings that beat analysts’ expectations and raised its full-year sales and profit outlook. Sales of cancer drug Keytruda rose 20% to $6.9 billion.</p><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/PI\">Impinj</a> surged 27% after the internet-of-things chip company posted first-quarter adjusted earnings and revenue that beat Wall Street estimates and said it expects second-quarter revenue of $96 million to $99 million, higher than estimates of $79 million.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_1907414516\">US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes</h3><p>US economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.</p><p style=\"text-align: start;\">Gross domestic product increased at a 1.6% annualized rate, below all economists’ forecasts, the government’s initial estimate showed. A wider trade deficit subtracted the most from growth since 2022. The economy’s main growth engine — personal spending — rose at a slower-than-forecast 2.5% pace.</p><p style=\"text-align: start;\">A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip, the first quarterly acceleration in a year, the Bureau of Economic Analysis report showed Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160024327","content_text":"Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.Market SnapshotThe Dow Jones Industrial Average fell 375.12 points, or 0.98%, to 38,085.80, the S&P 500 fell 23.21 points, or 0.46%, to 5,048.42 and the Nasdaq Composite fell 100.99 points, or 0.64%, to 15,611.76.Market MoversAlphabet – Shares soared about 12% in extended trading after first-quarter earnings of $1.89 per share beat analysts’ estimates of $1.51 per share, according to LSEG, and revenues of $80.54 billion exceeded expectations of $78.59 billion. The search giant operator also authorized its first ever dividend, as well as a $70 billion buyback.Microsoft – The tech giant saw shares climb 4.5% in extended trading after the software maker posted fiscal third-quarter results that surpassed Wall Street’s expectations. Snap – Shares soared more than 27% in afterhours trading after the social media firm reported first-quarter results that beat analysts’ estimates. Revenue increased 21% to $1.19 billion, primarily driven by improvements in the company’s advertising platform.Intel – The tech stock slid 8% in extended trading after the company missed expectations for first-quarter sales and gave a weak forecast for the current quarter. Intel reported earnings that beat Wall Street expectations, however.Rubrik - Rubrik's shares climbed over 15% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion.The startup joins a list of companies that have seen strong debuts recently as initial public offerings (IPOs) bounce back on hopes of a soft landing for the economy, where inflation falls without a recession or big job losses.Dexcom – The manufacturer of glucose monitoring systems fell 8%, even as the company posted beats on the top and bottom lines. Dexcom reported adjusted earnings of 32 cents per share on revenue of $921 million in revenue. Analysts polled by FactSet anticipated 27 cents per share in earnings and $909.9 million of revenue.Gilead Sciences – The biotech stock jumped almost 3% after a better-than-feared quarterly report. Gilead posted a loss of $1.32 per share, narrower than a loss of $1.49 per share expected by analysts polled by LSEG. Revenue of $6.69 billion also came in above expectations.Skechers – The shoe company advanced more than 7%. Skechers reported first-quarter earnings of $1.33 per share and revenue of $2.25 billion. Those results surpassed the earnings of $1.10 per share and $2.2 billion in revenue anticipated by analysts polled by LSEG.L3Harris Technologies – Shares rose nearly 2% after the aerospace and defense company handed in a stronger-than-expected report. L3Harris posted an adjusted EPS of $3.06 and surpassed consensus estimates of $2.90 per share, per LSEG. Revenue of $5.21 billion also came in higher than an estimate of $5.11 billion.Meta Platforms reported first-quarter earnings and revenue that topped expectations but guidance that missed forecasts, sending shares of the parent of Facebook and Instagram down 11%. Meta projects second-quarter revenue of $36.5 billion to $39 billion; the midpoint of the range was just shy of analysts’ consensus of $38.2 billion. Meta projected 2024 capital expenditures of $35 billion to $40 billion, above its previous range of $30 billion to $37 billion, on higher artificial-intelligence-related spending.International Business Machines is buying the cloud-software company  HashiCorp  for $35 a share in cash, or about $6.4 billion. It also reported first-quarter revenue of $14.47 billion, up 1% or 3% adjusted for currency; Wall Street estimate was $14.53 billion. Adjusted earnings were $1.68 a share, higher than the $1.60 consensus. Free cash flow was $1.9 billion, up $600 million from the year earlier. Shares were down 8.3%. HashiCorp jumped 5% to $32.98.Bristol Myers Squibb was falling 8.5% after the drugmaker posted a narrower quarterly loss and better-than-expected revenue, but cut its profit forecast for the full year.Southwest Airlines declined 9% after the carrier reported a wider-than-expected loss and said it expects to receive 20 Boeing 737 MAX planes this year, down from a previous forecast of 46 and its initial estimate of 85.Caterpillar was down 6.6% after first-quarter revenue missed estimates on lower sales volumes. Revenue of $15.8 billion was below Wall Street expectations of $16 billion. Lower sales volumes, Caterpillar said, were mostly offset through “favorable price realization.” Operating profit margins improved to 22.2% in the first quarter from 21.1% a year earlier.Textron declined 10% after reporting disappointing first-quarter earnings and saying it would be cutting jobs under a restructuring plan.Hertz Global dropped 20% after the rental car company reported a wider-than-expected first-quarter loss and said it sold more electric vehicles from its fleet than originally planned in the period.Shares of Merck were up 3% after the drugmaker reported first-quarter earnings that beat analysts’ expectations and raised its full-year sales and profit outlook. Sales of cancer drug Keytruda rose 20% to $6.9 billion.Impinj surged 27% after the internet-of-things chip company posted first-quarter adjusted earnings and revenue that beat Wall Street estimates and said it expects second-quarter revenue of $96 million to $99 million, higher than estimates of $79 million.Market NewsUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesUS economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.Gross domestic product increased at a 1.6% annualized rate, below all economists’ forecasts, the government’s initial estimate showed. A wider trade deficit subtracted the most from growth since 2022. The economy’s main growth engine — personal spending — rose at a slower-than-forecast 2.5% pace.A closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip, the first quarterly acceleration in a year, the Bureau of Economic Analysis report showed Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}