US stocks ended broadly lower, but off the worst levels of the session, as the latest data showed weaker-than-expected economic growth along with sticky inflation that could spur the Fed to hold interest rates higher for longer.
DJIA dropped 375 points, or 1%, to 38,085, the S&P 500 lost 0.5% to 5,048 and the Nasdaq dropped 0.6% to 15,611.
The dollar was mostly weaker, while the 10-year Treasury yield rose above 4.7%.
Shares of Facebook's parent dropped 10% after Meta raised its capex range for the year by 12% citing the need to boost investments in generative artificial intelligence.
Microsoft and Alphabet are set to report after the market closes.