U.S. stock markets opened lower on Thursday due to concerns about slowing economic growth and uncertainty over new Trump administration tariffs on Canada, China, and Mexico. The S&P 500, Dow Jones, and Nasdaq all experienced significant declines. Economic indicators show weakening consumer spending, a cooling job market, and rising inflation, sparking fears of stagflation. Investors are also worried about a potential global trade war following the announcement of new tariffs. Analysts are expressing bearish sentiment over economic growth and trade policies.
Source: https://www.cbsnews.com/news/stock-market-today-down-us-economy/