U.S. GDP fell 1.4% in the first quarter, but U.S. technology stocks rose

　　Zhongxin Finance, April 29. On April 28, Eastern Time, the three major U.S. stock indexes rose across the board.

As of the close, the Dow rose 1.85% to 33916.39 points; the S&P 500 rose 2.47% to 4287.50 points; the Nasdaq rose 3.06% to 12871.53 points.

Large technology stocks rose one after another. Meta, the parent company of Facebook, closed up 17.59%, Qualcomm rose more than 9%, Nvidia rose more than 7%, Netflix rose more than 5%, and Amazon and Apple rose more than 4%.

　　However, according to data released by the U.S. Department of Commerce on the same day, the U.S. gross domestic product (GDP) fell by an annual rate of 1.4% from January to March 2022, the worst performance in two years since the outbreak of the epidemic.

(Xie Yiguan)