Dow drops 500 points after U.S. economic growth slows: Live updates

LIVE UPDATES Stocks fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 500 points, or 1.3%. The S&P 500 dropped 1.4%, and the Nasdaq Composite lost 2.3%. U.S. gross domestic product expanded 1.6% in the first quarter, the Bureau of Economic Analysis said. Economists polled by Dow Jones forecast GDP growth would come in at 2.4%. Along with the downbeat growth rate for …