US stocks fell on Friday as investors reacted to the threat of more possible tariffs from the Trump administration while digesting a jump in consumer expectations for inflation and an overshadowed monthly jobs report.
The S&P 500 (^GSPC) moved almost 1% lower, while the tech-heavy Nasdaq Composite (^IXIC) slid around 1.4%, both finishing their second week of consecutive losses. The Dow Jones Industrial Average (^DJI) also fell more than 400 points, or almost 1%, to register its worst daily performance in roughly four weeks.
At the White House on Friday, President Donald Trump said he would soon announce a plan on reciprocal tariffs on American imports. The comments were made during a meeting with Japan’s Prime Minister Shigeru Ishiba, during which Trump also said tariffs on Japan were an option.
The major gauges slid earlier into the red after US consumer sentiment sank to a…
