U.S. stocks slumped as worries flared again on Wall Street about tariffs and inflation. The S&P 500 fell 0.9% Friday and wiped out what had been a modest gain for the week. The Dow Jones Industrial Average sank 1%,

US and European shares fell Friday, with a cooler US jobs report and higher inflation expectations capping the end of a volatile week marked by concerns over a trade war.

U.S. stocks slumped Friday amid worries about higher inflation and tariffs, while a closely watched report gave a mixed picture of the U.S. job market. The S&P 500 was down almost 1%, and the Dow Jones Industrial Average fell more than 400 points,

The latest consumer sentiment data showed near-term inflation expectations rose to their highest level since November 2023.