1607 ET - U.S. stocks end modestly higher following early declines tied to a an adjusted 0.3% GDP fall in 1Q as businesses rushed to stock up on imports ahead of the Trump administration's tariffs and consumer spending slowed. Inflation slowed down in March, going by the Fed's preferred gauge, showing that price pressures were easing before President Trump's tariffs landed. Meanwhile, ADP says private-sector employment rose by 62,000 jobs in April far below economists' expectations. DJIA ends up 141 points, or 0.4%, to 40669, the S&P 500 gains 0.2% to 5569, while the Nasdaq slips 0.1% to 17446. The S&P 500 and Dow Industrials fall for the third consecutive month, while the Nasdaq edges up 0.8%. (patrick.sullivan@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 16:08 ET (20:08 GMT)
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