Reported about 20 hours ago
The U.S. stock market faced significant declines as consumer sentiment fell sharply due to tariff uncertainties and growing inflation concerns. Major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, experienced substantial losses, closing down for the week. A recent University of Michigan survey indicated a decrease in consumer confidence, with inflation expectations rising, reflecting a general pessimism about the economic outlook. This sell-off was exacerbated by specific corporate news, particularly related to UnitedHealth's stock drop amid a federal investigation.
Source: YAHOO