Meta, IBM sink on earnings, American Airlines and Caterpillar report

Stocks plunge on weaker-than-expected GDP reading: Yahoo Finance Markets (^DJI, ^IXIC, ^GSPC) are deep in the red this morning after the latest reading of first-quarter GDP showed just 1.6% growth, much lower than the 2.5% expected. Shares of Meta (META) are deep in the red this morning despite the company beating earnings expectations. Investors were spooked by the tech giant’s second-quarter outlook. IBM (IBM) shares are also falling this morning after reporting first-quarter revenue that missed expectations. Today we will …