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.
Buying in is perpetuating the bubble. Maybe those younger generations should be itching for a livable planet and not a few extra shares of the orphan crushing machine.
Very brave. Let’s all sing kumbaya.
The world is in this shitty situation because we’ve had decades of people taking opportunities to help themselves. I don’t think it’s a radical position to question what good a tiny bit of personal enrichment does.