Why did stocks rise after GDP data showed the U.S. economy shrank?

By Home - CBSNews.com May 1, 2025 | 9:11 AM

The stock market rallied after gross domestic product data indicated a reversal in the U.S. economy. CBS News contributor Javier David breaks down the latest moves by investors.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.

Draw down the state's rainy day funds to pay for more spending.

Tax the so-called "skill games" machines to pay for more spending.

Legalize recreational marijuana to pay for more spending.

We don't need more spending, we need less! No new taxes!

We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!

Voting Ends: Oct 7, 2025 | 12:00 PM

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Why did stocks rise after GDP data showed the U.S. economy shrank?