U.S. stocks slumped Friday as worries flared again on Wall Street about tariffs and inflation. The S&P 500 fell 0.9% and erased what had been a modest gain for the week. It’s one of the worse drops for the index so far in the young year,

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 latest consumer sentiment data showed near-term inflation expectations rose to their highest level since November 2023.

University of Michigan consumer survey Friday found consumer sentiment fell about 5% on fears inflation will rise to 4.3% under Trump administration tariffs with major U.S. trading partners.

US stocks fell on Friday as investors reacted to the possible threat of more tariffs while digesting a jump in consumer expectations for inflation, and the monthly jobs report. The markets took a leg lower after a report from Reuters said President Trump told Republican lawmakers that he plans to announce reciprocal tariffs on American imports as early as Friday.

U.S. stock indexes are drifting lower on Friday after a discouraging report suggested U.S. consumers are bracing for higher inflation over the next year. The S&P 500 was 0.3% lower in morning trading,

U.S. stocks slumped Friday amid worries about higher inflation and tariffs, while a closely watched report gave a mixed picture of the U.S. job market. The S&P 500 was down almost 1%, and the Dow Jones Industrial Average fell more than 400 points,

U.S. stocks are falling Friday after a discouraging report suggested U.S. consumers are bracing for much higher inflation, while a separate update gave a mixed picture of the U.S.