U.S. Stocks Tumble as Deepening Consumer Gloom Raises Stagflation Fears
On Friday, Wall Street stocks fell significantly as concerns over U.S. consumers and mounting fears of stagflation arose. Data indicated growing anxiety among Americans about the economic impact of Donald Trump's tariffs, and separate data showed an increase in the Federal Reserve's preferred inflation measure for February. The S&P 500 dropped 2 percent while the Nasdaq Composite fell 2.6 percent, and U.S. Treasury yields decreased, with the 10-year yield sliding to 4.26 percent.
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