US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.
The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.
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Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.
This brings a smile to my face. My stocks are somehow all steady. The smile is not for those like me losing out. It for all those rich 1-3% who it really hurts. When the orange tumor and his apartheid nazi loses their support then perhaps we can do something that doesn’t equate to civil war.
lol, no. Rich ppl just gonna buy when retail sells. Smart money sold already.