Dow Jones dives 375 points on rapid decline of U.S. economy
NEW YORK, New York - U.S. stocks plummeted Thursday on mixed, and contradictory economic data. While the U.S. economy, according to the U.S. Bureau of Economic Analysis, slowed in the first quarter, inflation surged.
U.S. gross domestic product grew just 1.6 percent in the March quarter. Economists polled by Dow Jones revealed expectations of 2.4 percent GDP growth.
The increase in real GDP primarily reflec