Trump Blames Biden as Markets Weaken Amid GDP and Tariff Uncertainty

U.S. stocks experienced a mixed close on Wednesday, wrapping up April with signs of economic slowdown. The decline was fueled by shrinking GDP data for the first quarter of 2023 and escalating trade policy uncertainty. The S&P 500 edged up 0.15%, the Nasdaq Composite fell by .086%, while the Dow Jones Industrial Average rose 141 points. This follows the Commerce Department’s announcement that the U.S. economy shrank at a 0.3% annualized rate, marking the first contraction since 2022.