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Business

Business & Economics

The economy shrinks for the first time since 2022 — and stocks fall sharply

Quartz
Summary
Nutrition label

88% Informative

Nasdaq futures led the decline, down 1.8% shortly before the opening bell, while the S&P fell 1.3% .

The Dow Jones Industrial Average sank 324 points, or 0.8% , after the data showed the economy contracted for the first time since 2022 .

Visa posted a strong Q2 , with non-GAAP EPS up 10% and revenue rising 9% to $9.6 billion .

Starbucks shares tumbled 8% after reporting a rough quarter .

VR Score

91

Informative language

91

Neutral language

53

Article tone

formal

Language

English

Language complexity

40

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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