Noel Randewich and Pranav Kashyap
(Reuters) – Wall Street supplies have ended up lower on Friday, and sales are in Amazon, Microsoft and other technological heavy weights, after American data has invented the fear of poor economic growth and high inflation, because Trump administrations are increasing tariffs.
The US consumption has recovered less than expected in February, while the basic prices measure increased the most in 13 months.
Adding concerns, the survey of the University of Michigan showed that 12-month expectations of consumers in March increased to the highest in almost 2-1/2 years, expecting the inflation to remain elevated after next year.
This data has encouraged the fear that the rush of tariff announcements of US President Donald Trump has been increasing to increase the prices of imported goods in January, start inflation and distract federal reserves from reducing interest rates.
The concern for inflation and tariffs sent shares of the most respected companies on Wall Street suddenly lower, and Apple fell 2.7%, Microsoft lost 3%and Amazon of 4.3%.
“One of the other major cautions for investors is that the inflation influence of the tariff has yet to appear in the data, which is why we believe that this is quiet before the tariff Storm, with an inflation that is likely to head north of the south in the coming months,” said Greg Bassuk, an executive director in New York.
The S&P 500 decreased by 1.97% to completion to 5,580.94 points.
Nasdaq dropped 2.70% to 17,322.99 points, while the industrial average Dow Jones fell to 1.69% to 41,583.90 points.
Ten of the 11 S&P 500 indexes decreased, driven by lower communication services, a drop of 3.81%, followed by a loss of 3.27% in discretionary discretionary discretionary discretionary discretionary discretionary discretionary.
Future interest rates suggest that traders see 76% the likelihood that the FED will reduce interest rates by 25 base points at a meeting in June, CME Fedwatch states.
With losses on Friday, the S&P 500 reduced about 9% of the record high closure on February 19th. Nasdaq reduced about 14% of a record high closure on December 16th.
“The problem is that we do not know that the rules and the companies are really fighting with that,” said Bob Doll, the Crossmark Investments CEO.
“Part of the economic weakness we experience and we will probably see more of the function of individuals and companies that say,” I’m not really sure what it will bring tomorrow, so I’ll just be a little more careful. “
The banak monitoring index of the sensitive at the interest rate fell 2.3%.
The volatility index of the CBOE has increased by almost 3 points to a one -week maximum.
