NEW YORK (AP) — U.S. stocks are falling Friday following discouraging updates on inflation and how much U.S. households may be willing to spend given all the uncertainty about President Donald Trump’s escalating trade war.
The S&P 500 was down 1.7% in afternoon trading and on track to wipe out the last of what had been a winning week. That would make this the fifth losing week in the last six for the index, which set its all-time high just last month.
The Dow Jones Industrial Average was down 600 points, or 1.4%, as of 12:52 p.m. Eastern time, and the Nasdaq composite was 2.4% lower.
→ Continue reading at BIV