The US stock market opened significantly lower, while technology stocks fell sharply

The US GDP unexpectedly shrank in the first quarter, causing the US stock market to open significantly lower. The Dow Jones Industrial Average fell 0.59%, the S&P 500 index fell 1.25%, and the Nasdaq fell 2.07%. Large tech stocks plummeted, with Tesla (TSLA. O) falling 4.3%, Nvidia (NVDA. O) falling 4.4%, and Apple (AAPL. O) falling 1.04%.