Friday saw a selloff in stocks as investors sought safer assets due to worries about a slowing economy and sticky inflation triggered by new U.S. data.
As traders worried lingering late into a weekend that might bring yet another round of headlines from the Trump administration, which has put forward a slew of tariffs and other market-moving policy moves since taking office a month ago, losses grew towards the end of the day.
At 43,428.02, the Dow Jones Industrial Average closed down 748.63 points, or 1.69%.
After two days of losses, it dropped to over 1,200 points on Friday, the most it has seen this year.
Following the index’s record closing on Wednesday, the S&P 500 fell 1.71% to close at 6,013.13, signalling the start of a second negative session. After falling 2.2%, the Nasdaq Composite ended the day at 19,524.01.
Source (CNBC)
