{"id":127375,"date":"2025-02-21T19:56:53","date_gmt":"2025-02-21T19:56:53","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-tumbles-as-us-businesses-and-consumers-alike-worry-about-tariffs-the-associated-press\/"},"modified":"2025-02-21T19:56:53","modified_gmt":"2025-02-21T19:56:53","slug":"stock-market-today-wall-street-tumbles-as-us-businesses-and-consumers-alike-worry-about-tariffs-the-associated-press","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/stock-market-today-wall-street-tumbles-as-us-businesses-and-consumers-alike-worry-about-tariffs-the-associated-press\/","title":{"rendered":"Stock market today: Wall Street tumbles as US businesses and consumers alike worry about tariffs – The Associated Press"},"content":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.
The New York Stock Exchange, Tuesday, Jan. 28, 2025, in New York. (AP Photo\/Julia Demaree Nikhinson)
A person walks in front of an electronic stock board showing New York Dow, left, and Japan\u2019s Nikkei indexes at a securities firm in Tokyo Friday, Feb. 21, 2025. (AP Photo\/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Friday, Feb. 21, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Friday, Feb. 21, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
The New York Stock Exchange, Tuesday, Jan. 28, 2025, in New York. (AP Photo\/Julia Demaree Nikhinson)
The New York Stock Exchange, Tuesday, Jan. 28, 2025, in New York. (AP Photo\/Julia Demaree Nikhinson)
A person walks in front of an electronic stock board showing New York Dow, left, and Japan\u2019s Nikkei indexes at a securities firm in Tokyo Friday, Feb. 21, 2025. (AP Photo\/Eugene Hoshiko)
A person walks in front of an electronic stock board showing New York Dow, left, and Japan\u2019s Nikkei indexes at a securities firm in Tokyo Friday, Feb. 21, 2025. (AP Photo\/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Friday, Feb. 21, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Friday, Feb. 21, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Friday, Feb. 21, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan\u2019s Nikkei index at a securities firm Friday, Feb. 21, 2025, in Tokyo. (AP Photo\/Eugene Hoshiko)
NEW YORK (AP) \u2014 U.S. stocks are falling sharply Friday after reports showed worries about President Donald Trump\u2019s<\/a><\/span> policies may be hitting the U.S. economy.
The S&P 500 was down 1.4% in afternoon trading and on track for its worst day in weeks. The Dow Jones Industrial Average was down 711 points, or 1.6%, as of 2 p.m. Eastern time, and the Nasdaq composite was 1.7% lower.
Stock indexes pulled back following a series of weaker-than-expected reports on the economy. One suggested U.S. business activity is nearing stall-speed<\/a><\/span>, with growth decelerating to a 17-month low. The preliminary report from S&P Global said activity for U.S. services businesses unexpectedly shrank, and many businesses in the survey reported optimism slumping because of worries about Washington.
\u201cCompanies report widespread concerns about the impact of federal government policies, ranging from spending cuts to tariffs and geopolitical developments,\u201d said Chris Williamson, chief business economist at S&P Global Market Intelligence. \u201cSales are reportedly being hit by the uncertainty caused by the changing political landscape, and prices are rising amid tariff-related price hikes from suppliers.\u201d
A separate report<\/a><\/span> said U.S. consumers are also preparing for higher inflation<\/a><\/span>, in part because of potential tariffs<\/a><\/span>. They\u2019re broadly expecting prices to be 4.3% higher 12 months from now, which is a big jump from last month\u2019s forecast of 3.3% inflation, according to a survey by the University of Michigan. That fits with preliminary data<\/a><\/span> the survey suggested earlier, though a divide is evident underneath the surface.
Expectations for inflation are rising for political independents and Democrats, while falling slightly for Republicans.<\/p>\n

A third economic report, meanwhile, said sales of previously occupied homes were weaker<\/a><\/span> last month than economists expected. Relatively high mortgage rates<\/a><\/span> have been hurting the housing market.
To be sure, the U.S. stock market is still up for the young year so far and is not far from its all-time high<\/a><\/span> set earlier this week. Virtually no one on Wall Street is forecasting a recession anytime soon. But Friday\u2019s reports together raise concerns about what\u2019s been a remarkably resilient economy, and the ensuing losses on Wall Street were widespread.
Stocks of the smallest companies, whose profits can be more closely tied to the strength of the U.S. economy than big multinational rivals, fell more than the rest of the market. The Russell 2000 dropped a market-leading 2.7%.
Even within the big companies of the S&P 500 index, roughly 4 out of every 5 stocks fell. Everything from Big Tech stocks that have been bid up amid the artificial-intelligence frenzy<\/a><\/span> to airlines to metals companies fell. Nvidia sank 2.5%. United Airlines lost 5.5%, and Newmont Mining fell 4.4%.
Akamai Technologies had the sharpest drop in the S&P 500, even though the cybersecurity and cloud computing company reported stronger profit than analysts expected. It lost a fifth of its value and fell 20.6% as investors focused instead on its forecasts for revenue and other financial measures this upcoming year, which fell short of analysts\u2019 expectations.
On the winning side of Wall Street was Celsius Holdings, which sells \u201cbetter-for-you\u201d energy drinks. It leaped 29.5% after saying it agreed to buy Alani Nu, a beverage company that focuses on female customers. Analysts called the purchase price, $1.65 billion net of tax effects, reasonable and said the deal should quickly add to profits for Celsius, which also reported its latest quarterly results.
Other winners included stocks of companies that can provide steadier profits regardless of what the U.S. economy is doing. Water utility American Water Works rose 3%, for example.
Before Friday\u2019s sharp drop, the S&P 500 had been heading for a week of almost zero movement. Helping to lift stocks had been a steady parade of better-than-expected profit reports. That worked against worries about stubbornly high inflation<\/a><\/span>, which could prevent the Federal Reserve from delivering more relief<\/a><\/span> for the economy and financial markets through lower interest rates.
The Fed has been holding its main interest rate steady after steadily cutting it through the end of last year. Minutes from the Fed\u2019s last policy meeting,<\/a><\/span> which were released earlier this week, suggested officials may stay on hold for a while given worries about how Trump\u2019s proposed tariffs<\/a><\/span> and mass deportations of migrants, along with other factors, could push upward on inflation.
While lower rates can boos the economy, they can also encourage spending that puts upward pressure on inflation.
Treasury yields eased in the bond market following Friday\u2019s weaker-than-expected economic reports. The yield on the 10-year Treasury sank to 4.41% from 4.51% late Thursday. The two-year Treasury yield, which more closely tracks expectations for upcoming Fed action, fell to 4.19% from 4.27%.
In stock markets abroad, indexes were mixed in Europe after rising across much of Asia.
In Japan, the Nikkei 225 edged up 0.3% after the government said a key measure of inflation remained above the Bank of Japan\u2019s target level last month. That could encourage it to keep raising interest rates. Last month, the Bank of Japan raised its key policy rate<\/a><\/span> to about 0.50% from 0.25%.
Hong Kong\u2019s Hang Seng jumped 4% for one of the world\u2019s largest moves,, boosted by a surge for e-commerce firm Alibaba<\/a><\/span>, which reported stronger profit for the end of last year than expected. It also talked up its artificial-intelligence<\/a><\/span> developments.
AP Business Writers Yuri Kageyama and Matt Ott contributed. <\/p>\n

Copyright 2025 The Associated Press. All Rights Reserved.<\/p>\n

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Copyright 2025 The Associated Press. All Rights Reserved.The New York Stock Exchange, Tuesday, Jan. 28, 2025, in New York. (AP Photo\/Julia Demaree Nikhinson)A person walks in front of an electronic stock board showing New York Dow, left, and Japan\u2019s Nikkei indexes at a securities firm in Tokyo Friday, Feb. 21, 2025. (AP Photo\/Eugene Hoshiko)A person […]<\/p>\n","protected":false},"author":1,"featured_media":127376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-127375","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/127375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=127375"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/127375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/127376"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=127375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=127375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=127375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}