Investors are concerned over U.S. economy statistics showing continually high inflation and a slowing economy, reported CNBC. Stocks hit new lows Friday as the Dow Jones Industrial Average dropped over 700 points, the S&P 500 plunged by 1.7%, and the Nasdaq Composite fell dropped 2%. Walmart shares also toppled by 2.5%. CNBC reported that it was the worst day for the U.S. economy since President Donald Trump took office in January, and stockholders growing wary of increasing tariffs and seemingly arbitrary policy changes. The economy data has pushed some investors into buying bonds, making yields fall. According to a consumer survey conducted by the University of Michigan, people are also increasingly worried about inflation. The survey found consumer sentiment fell 10%, with buyers showing concern as home sales decreased more than expected in January. A five-year inflation forecast also put inflation percentages at 3.5%, the highest since 1995. Investors are reportedly choosing “safer” options for their money, such as consumer staples, healthcare, and utilities, as the economy slows. The Daily Beast has reached out to the Trump administration for comment.
The post U.S. Economic Growth Stalls as Trump Imposes More Tariffs appeared first on The Daily Beast