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Stock impact report

Stock market today: US indexes drop as 1st-quarter GDP growth comes in weaker than expected [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
The report also showed consumer prices rising in the quarter, complicating the Fed's rate-cut decision. Bond yields jumped, with the US 10-year Treasury hitting the highest in five months. US stocks opened lower on Thursday as the Bureau of Economic Analysis reported that US economic growth was weaker than expected in the first three months of this year. US GDP grew by 1.6% on an annualized basis in the first quarter, well below expectations of 2.4% and far short of the 3.4% increase in the final quarter of 2023. While slower economic growth could bolster the case for the Federal Reserve to ease monetary policy, the GDP report on Thursday also showed consumer prices rising in the quarter, complicating the central bank's mission of fighting inflation without sparking an economic slowdown. The market will be focused on personal consumption expenditures data, the Fed's preferred inflation measure, which is due out on Friday. Bond yields jumped as traders reacted to the econo Show less Read more
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