North -American stocks dragged on weak earnings as the economy stumbles

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Wall Street stocks fell on Wednesday morning after the weak U.S. growth data drove a wide sale based on a large number of weak corporate profits.

Blue-Xip S&P 500 sank 2 percent in early negotiation in New York, threatening to break a six-day winning streak.

Starbucks decreased 9 percent after the coffee chain said on Tuesday that the quarterly net revenue was reduced by half the year, while the Super Micro Servers maker, a key supplier for the Nvidia Chip giant, fell up to 20 percent after providing revenue and gain by action by the expectations of the analysts.

Nvidia fell almost 4 percent and Tesla fell 6 percent, and dragged the Nasdaq compost with technology, which dropped 2.6 percent shortly after the opening bell.

Wednesday’s movements occurred after the data showed the The US economy was hired For the first time since 2022, it was reduced by 0.3 percent annualized during the first three months of this year, as companies precipitated to buy imported products in anticipation of the strong Donald Trump rates in most countries.

“Inflation was also higher, feeding the stadium narration and limiting what the Federal Reserve can do to help as an economic sentiment,” said James Knightley, Intern Intern economist.

The feeling of consumers and business has fallen through the United States as a result of Trump’s aggressive tariff adsEven when the stock market has rejected in recent weeks after most taxes were postponed for 90 days.

“The economy was essentially stagnant in the first three months of the year, while the growth of headline and basic inflation accelerated,” said Ryan Sweet, an American economist in Oxford Economics.

The health care of the world’s largest markets in the world, with Brent Crus, the international oil reference point, 1.5 percent to $ 63.27 a barrel.

European actions were also smaller, and Stoxx Europe throughout the region dropped 0.6 percent and the German Dax lost 0.7 percent.