CNN —
US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump’s tariffs could reignite the inflation crisis.
The Dow Jones Industrial Average fell 748 points, or 1.7%. The broader S&P 500 also sank 1.7% and the Nasdaq was 2.2% lower. The Dow tumbled for the second consecutive day, falling about 1,200 points over the course of Thursday and Friday.
The University of Michigan’s latest survey, released Friday, showed that US consumer sentiment declined in February for the second
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