Reported 3 days ago
U.S. stock markets saw significant declines on Friday, with the Dow Jones dropping 1.5%, the S&P 500 down 1.7%, and the Nasdaq falling 2.5%. These losses come amid rising inflation fears reflected in a hotter-than-expected Personal Consumption Expenditures index and a steep drop in consumer sentiment to its lowest since November 2022. The ongoing trade tensions initiated by President Trump's tariffs have added to market volatility, leading to increased uncertainty about economic growth and prompting analysts to lower earnings forecasts for major indices.
Source: YAHOO