Dow tumbles more than 450 points after economic data deluge

Wall Street is deep in the red on Thursday. Investors are wrapping their heads around the morning's economic data including the GDP report, which finally put a number on just how badly the economy fared during the spring lockdown, as well as an increase in weekly jobless claims.

The Dow shed nearly some 470 points, or 1.8%, around mid-morning, with only one stock in the index trading in positive territory. The S&P 500, meanwhile, fell 1.4%. The tech-heavy Nasdaq Composite was down 0.9%. The biggest stock declines were in energy and basic materials sectors.