Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024. Stock futures fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. Futures tied to the Dow Jones Industrial Average fell 419 points or 1.1%. Along with the downbeat growth rate for the quarter, the report showed consumer prices increased at a 3.4% pace, well above the previous quarter's 1.8% advance. Following the GDP print, traders moved down expectations for an easing of Federal Reserve monetary policy.

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Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Treasury, Dow, Federal Reserve, Federal, Traders