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Dow tumbles 800 points as inflation and tariff fears mount

  • U.S. Stocks saw a significant drop, with the Dow Jones Industrial Average falling 748 points amid rising inflation and tariff concerns.
  • The University of Michigan reported a 10% decline in U.S. Consumer sentiment in February, driven by fears of price increases due to President Trump's tariffs.
  • Chris Williamson, chief business economist at S&P Global Market Intelligence, remarked on widespread concerns about federal government policies affecting businesses.
  • Despite the stock market's decline, analysts see no evidence of an impending recession, with the market still close to all-time highs.
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  • 48% of the sources are Center
48% Center
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CNBC broke the news in United States on Thursday, February 20, 2025.
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