Fueling a 1.7 percent decline on Friday was an unexpected drop in the University of Michigan’s consumer sentiment index, as Americans worried about stubborn inflation.
The “Trump Bump” — in which stocks and other assets jumped after Donald Trump’s election and inauguration — appears to have leveled off.
The S&P 500 was trading just below its all-time high on Wednesday morning but struggling to rise above that level amid renewed concerns around President Donald Trump’s tariff policies. Weighing on the large-cap benchmark index was the materials sector,