Correct already.... First it was the 'ok' financials earnings, poor APPL, GOOG, materials, and energy bad earnings, poor manufacturing data, BOJ rate, now this:
Gross domestic product (GDP) in the U.S. showed a larger-than-expected deceleration in the first quarter to the slowest pace in two years, according to official preliminary data released on Thursday.
In a report, the Bureau of Economic Analaysis said that growth dropped to a seasonally adjusted annual rate of 0.5%, from the 1.4% expansion registered in the fourth quarter of 2015.