(Reuters) – U.S. stock index futures fell after a worse-than-expected GDP reading for the first quarter stoked worries of a slowdown in the world’s largest economy amid a global trade war.
Gross domestic product (GDP) fell 0.3% in the quarter, a Commerce Department report showed in its first estimate, compared with expectations for 0.3% growth according to economists polled by Reuters.
Separately, the ADP National Employment Report showed private payrolls rose by 62,000 in April, compared with estimates for an increase of 115,000.
At 08:31 a.m. ET, Dow E-minis were down 138 points, or 0.34%, S&P 500 E-minis were down 42.5 points, or 0.77%, and Nasdaq 100 E-minis were down 215 points, or 1.09%.
(Reporting by Purvi Agarwal in Bengaluru; Editing by Devika Syamnath)
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