NEW YORK (AP) — Another wipeout walloped Wall Street Friday. Worries are building about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
The S&P 500 dropped 2% for one of its worst days in the last two years. It thudded to its fifth losing week in the last six after wiping out what had been a big gain to start the week.
The Dow Jones Industrial Average sank 715 points, or 1.7%, and the Nasdaq composite fell 2.7%.
Lululemon Athletica led the market lower with a drop of 14.2%, even though the seller
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