Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.

Stock futures are pointing to a sharply lower open for major indexes on Monday as investors await announcements on a new batch of tariffs the Trump administration has said it will implement this week.

Tariffs are typically bad news for the economy and stock market. "They raise prices, slow economic growth, cut profits, increase unemployment, worsen inequality, diminish productivity and increase global tensions," according to David Kelly, Chief Global Strategist at J.P. Morgan.

Let us compare these variables to the beginning of Trump’s first year of his second term. The CPI was slightly higher at 3.0% in 2024 and the Fed funds rate currently sits at 4.25%-4.50%. Trump took office following an even stronger year in the stock market with the S&P 500 returning 23.31% last year.

US stock futures tumbled on Monday, eyeing a return to losses as trade-war worries kept building in the run-up to President Trump's tariff bonanza later in the week. Contracts on

The near-term direction for the stock market could still be lower despite renewed selling pressure, experts warn.

Goldman Sachs cut its S&P 500 target and raised its recession forecast. The bank now sees a 35% chance of a recession in the next 12 months.

US stocks close lower, extending Wed.'s losses on Trump auto tariffs, but mixed tariff messages remain. Labor market holds up. Inflation data due Fri

The Dow Jones fell on the stock market today after President Trump talked tariffs. Tesla fell following a Wall Street call. Mr. Cooper rose.