U.S. stock markets experienced a decline as fresh concerns regarding tariffs and inflation resurfaced among investors.
On Friday, the S&P 500 index dropped by 0.9%, erasing the slight gains it had made over the week. The Dow Jones Industrial Average fell by 1%, while the Nasdaq composite, impacted significantly by a steep decline in Amazon’s stock following its most recent earnings report, reported a loss of 1.4%, leading the market downward.
In response to a preliminary report indicating a significant rise in U.S. consumers’ inflation expectations, Treasury yields saw an uptick. Furthermore, the most recent employment data presented a mixed outlook. Adding to the tension, President Donald Trump indicated that an announcement concerning tariffs is anticipated early next week.
On Friday, major index changes were as follows:
The S&P 500 decreased by 57.58 points, or 0.9%, closing at 6,025.99.
The Dow Jones Industrial Average experienced a decline of 444.23 points, or 1%, ending at 44,303.40.
The Nasdaq composite saw a reduction of 268.59 points, or 1.4%, finishing at 19,523.40.
Additionally, the Russell 2000 index, which tracks smaller companies, fell by 27.41 points, or 1.2%, to settle at 2,279.71.
Over the past week, the performance metrics are as follows:
The S&P 500 recorded a decrease of 14.54 points, equivalent to a 0.2% drop.
The Dow experienced a decline of 241.26 points, representing a 0.5% fall.
The Nasdaq lost 104.04 points, also reflecting a decline of 0.5%.
The Russell 2000 index dropped by 7.98 points, amounting to a 0.3% decrease.
Year-to-date performance reveals that:
The S&P 500 has risen by 144.36 points, representing a 2.5% increase.
The Dow is up by 1,759.18 points, which is a gain of 4.1%.
The Nasdaq has increased by 212.61 points, reflecting a rise of 1.1%.
Finally, the Russell 2000 has shown an increase of 49.55 points, or 2.2%.