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.
Wait 16 months.
It’s gonna go lower before it’s done, but at 18 months people will know how the midterms look, and the next chance to break this 3/3 lock on government by the aristocracy.
Then it’s either dump it back in or dump it in the Nikkei or something as you negotiate the sale of the smoking ruin you called a house and get on the boat.