US Stock Market Live: Dow futures fall 350 points after GDP contraction; European indices turn negative

US Stock Market Live: US stock futures have sold off after the first quarter GDP growth data was lower than expectations. The Dow futures are down 300 points after the GDP contracted 0.3% during the quarter. The S&P 500 futures are down over 60 points, while the Nasdaq futures have extended their losses and are now down nearly 400 points. Watch this space for all the live updates.

US Stock Market Live: US stock futures have sold off after the first quarter GDP growth data was lower than expectations. The Dow futures are down 300 points after the GDP contracted 0.3% during the quarter. The S&P 500 futures are down over 60 points, while the Nasdaq futures have extended their losses and are now down nearly 400 points. Earlier, Chinese industrial activity fell to a two-year low. European markets are trading with modest gains so far with Stellantis joining the list of companies that have suspended their full-year guidance due to the ongoing tariff uncertainties. However, the Euro Zone economy expanded at 0.4% during the first quarter, which is better than estimates. The US Dollar, after briefly slipping below 99 on Tuesday, is back above 99.5. Brent remains below $63 a barrel on fears of more output hikes, while profit booking continues in Gold, with prices slipping below $3,300 an ounce. Watch this space for all the Live updates.