Summary
Wall Street saw a sharp sell-off on Friday, with the Dow Jones dropping 715.80 points (1.69%) to 41,583.90 amid inflation fears and trade policy uncertainty.
The S&P 500 fell 1.97%, and the Nasdaq lost 2.7%. Tech giants Alphabet, Meta, and Amazon led declines, losing 4.88%, 4.29%, and 4.29%, respectively.
Inflation concerns intensified after data showed a 2.8% rise in the core PCE price index, exceeding expectations.
Investors remain concerned ahead of Trump’s April 2 tariff announcements, with retaliatory measures from Canada and potential EU concessions looming.