\n
![](\"https:\/\/crypto.news\/app\/uploads\/2025\/01\/crypto-news-Donald-Trump-charts-option02.webp\")
<\/p>\n
\n<\/p>\n
U.S. stocks closed mixed on Wednesday, wrapping up a turbulent April marked by economic contraction and trade policy uncertainty.\u00a0<\/p>\n
The S&P 500 rose 0.15%, the Nasdaq Composite lost .086%, and the Dow Jones Industrial Average gained 141 points after new data showed the U.S. economy shrank for the first time since 2022.<\/p>\n
According to the Commerce Department, first-quarter GDP fell<\/a> at a 0.3% annualized rate, reversing a 2.4% gain from the previous quarter.\u00a0<\/p>\n The contraction was partly attributed to a 41% surge in imports<\/a> as businesses stockpiled ahead of President Trump\u2019s new tariffs.\u00a0<\/p>\n Consumer spending also slowed to its weakest pace in over a year, and government expenditures declined, further dragging on growth.<\/p>\n <\/p>\n Markets had rallied earlier<\/a> in the month after Trump paused some tariffs and hinted at trade deals with countries like India. But renewed volatility returned as investors digested the weak economic data, inflationary concerns, and lack of clarity on trade negotiations.\u00a0<\/p>\n April\u2019s losses follow a sharp drop after Trump\u2019s April 2 announcement of \u201creciprocal\u201d tariffs, which sent the S&P 500 down more than 11% at one point.<\/p>\n On Truth Social, Trump sought to shift blame for the economic slide, writing, \u201cThis is Biden\u2019s Stock Market, not Trump\u2019s,\u201d and claimed a \u201cBiden Overhang\u201d was behind the poor numbers. He urged patience, saying his policies would take time to deliver results.<\/p>\n The stock market under Trump\u2019s second term has posted one of the weakest performances for any president\u2019s first 100 days in modern history.\u00a0<\/p>\n Analysts point to continued policy uncertainty as a primary cause. \u201cThis is very clearly brought on by the uncertainty surrounding the tariffs, period,\u201d said<\/a> Kelly Bouchillon of Sound View Wealth Advisors.<\/p>\n Meanwhile, major companies like First Solar and GE HealthCare cut forecasts due to tariff-related headwinds. Nvidia shares also slipped, following disappointing results from Super Micro Computer.<\/p>\n <\/p><\/div>\nTariff uncertainty<\/h2>\n