The S&P 500 Index ($SPX) (SPY) Friday closed down -1.97%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.69%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.61%. June E-mini S&P futures (ESM25) are down -2.18%, and June E-mini Nasdaq futures (NQM25) are down -2.89%.
Stock indexes fell sharply on Friday, with the S&P 500 and Nasdaq 100 posting 2-week lows and the Dow Jones Industrials falling to a 1-week low. Worries about the economic threat from tariffs pushed stocks and bond yields lower, and pushed gold to a new all-time high. Friday’s economic news showed weaker-than-expected household demand and signs of sticky inflation after US Feb personal spending rose less than expected and the Feb core PCE price index, the Fed’s preferred inflation gauge, rose more than expected.
