Declines in shares of Microsoft and those of Pfizer, last down 2.5 percent and 2.3 percent respectively.
Commerce Department report showed that the US trade deficit increased 43.1 percent in March.
Despite a weakening in the pace of US economic growth, corporate earnings have not been as dire as some had anticipated.
Wall Street fell sharply, the US dollar slumped against a resurgent euro and oil prices rose.
The best performing shares of this year are now caught in the market slide.
The 0.2% GDP growth in the first quarter was well below expectations.
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