The Nasdaq, S&P 500 And Dow Took A Big Dive In April

Markets finished off the month of April down big amid a mixed first-quarter earnings season. For the month, the Nasdaq fell 15%, the S&P 500 fell 10.2% and the Dow fell 6.4%.

On Thursday, the Commerce Department reported first-quarter U.S. GDP fell 1.4%, well short of economists' expectations of 1% growth. Consumer spending was up 2.7% in the first quarter, but an 8.5% drop in defense spending and a record-high U.S. trade deficit in goods weighed on economic growth.

Facebook and Instagram parent company Meta Platforms (NASDAQ:FB) was one of the big winners of a mixed week of tech earnings, reporting a first-quarter earnings beat and a rebound in daily active users.

So far this earnings season, about 79% of S&P 500 companies have reported first-quarter earnings numbers above analyst estimates, according to FactSet.

Following the disappointing U.S. GDP estimate, Wall Street will get key economic updates on Wednesday when the Federal Reserve releases its latest interest rate decision and accompanying commentary and on Friday when the U.S. Labor Department releases its April jobs report.

Here are the day's winners and losers from the Dow Jones, according to data from Benzinga Pro.

Honeywell International Inc (NASDAQ:HON) and Merck & Co., Inc. (NYSE:MRK) were the only gainers for the DIA Friday.

Intel Corporation (NASDAQ:INTC), Salesforce Inc (NYSE:CRM) and Walgreens Boots Alliance Inc (NASDAQ:WBA) were among the top losers for the Dow Jones.

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Wayne Duggan contributed to this report.

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