U.S. stocks faced sharp declines on Friday, primarily attributed to rising concerns among consumers and businesses regarding President Trump's policies, signaling potential economic slowdown. The S&P 500 fell 1.7%, while the Dow saw a decrease of 748 points, and the Nasdaq dropped 2.2%. Reports indicate a slowdown in business activity, with many sectors expressing decreased optimism related to federal policies. Rising inflation expectations among consumers, influenced by potential tariffs, and weaker-than-expected housing sales further factor into these economic worries.
U.S. stocks experienced significant declines due to economic reports indicating that consumer and business confidence is waning amid concerns regarding President Trump's policies.
The S&P 500 dropped 1.7%, marking its worst day in two months, largely influenced by surprising economic data suggesting weakened business activity.
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