Economics

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submitted 5 months ago* (last edited 5 months ago) by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

The Dow Jones fell 748 points Friday, marking its worst day of 2025, as investors reacted to weak economic data and inflation concerns.

Consumer sentiment dropped sharply, existing home sales declined, and U.S. services activity contracted.

Fears over Trump tariffs and spending cuts further rattled markets.

The S&P 500 and Nasdaq also saw significant declines as investors shifted away from riskier assets.

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[–] shortwavesurfer@lemmy.zip 10 points 5 months ago (2 children)

Wow! A 1.7% drop. Run for the fucking hills.

[–] surewhynotlem@lemmy.world 4 points 5 months ago

In a day, and 1200 over two consecutive days. That's newsworthy. But nothing here seems like a panic. Logical correction based on updated forecasts.

[–] wise_pancake@lemmy.ca 2 points 5 months ago

And now I have to listen to iron maiden.