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#uncertainty

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#US #stocks are falling steeply Friday following discouraging updates on inflation & how much US households may be willing to spend given all the #uncertainty about #Trump’s escalating #TradeWar.

The S&P 500 was down 1.5% in midday trading. That would make this the 5th losing week in the last 6 for the index….

The Dow was down 520 points, or 1.2%, as of 11:30AM ET, & the Nasdaq composite was 2.1% lower.

#economy #tariffs #jobs #insecurity #trumpcession #recession
apnews.com/article/market-rate

The New York Stock Exchange, Monday, Jan. 27, 2025, in New York. (AP Photo/Julia Demaree Nikhinson, File)
AP News · Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy, higher inflationStan Choe poolt
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#StockMarkets opened even lower on Tues, reflecting mounting investor concerns about the global #economy, after #Trump imposed #tariffs on #Canada, #Mexico & #China, & Beijing & Ottawa announced swift retaliation.

The escalating #TradeWar added to global #uncertainty that was compounded by the Trump admin’s decision to suspend #military #aid to #Ukraine.

The S&P 500 fell 0.7% at the start of trading, adding to a 1.8% loss on Monday that was its sharpest decline this year.