US: Wall Street tumbles at the open as US economy contracts in first quarter

[NEW YORK] Wall Street’s main indexes opened sharply lower on Wednesday (Apr 30) after data showed the world’s largest economy contracted in the first quarter, amplifying worries about the economic hit from President Donald Trump’s tariff policies.

The Dow Jones Industrial Average fell 237.2 points, or 0.59 per cent, at the open to 40,290.41.

The S&P 500 fell 61.4 points, or 1.10 per cent, at the open to 5,499.44​, while the Nasdaq Composite dropped 361.3 points, or 2.07 per cent, to 17,099.977 at the opening bell. REUTERS