US Stock Market is Down 700 points…..

Prices KEEP Going UP

Tariff’s and Import TAXES will Rise perices even MORE….

U.S. stocks are falling Friday following discouraging updates on inflation and how much U.S. households may be willing to spend given all the uncertainty about President Donald Trump’sescalating trade war.

The S&P 500 was down 1.7% in afternoon trading and on track to wipe out the last of what had been a winning week. That would make this the fifth losing week in the last six for the index, which set its all-time high just last month.

The Dow Jones Industrial Average was down 600 points, or 1.4%, as of 12:52 p.m. Eastern time, and the Nasdaq composite was 2.4% lower.

Lululemon Athletica tumbled 14.7% to help lead the market lower, even though the seller of athletic apparel reported a stronger profit for the latest quarter than analysts expected. It warned that its revenue growth may slow this upcoming year, in part because “consumers are spending less due to increased concerns about inflation and the economy,” said CEO Calvin McDonald….

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A report on Friday morning showed all types of U.S. consumers are getting more pessimistic about their future finances, including Republicans, independents and Democrats. Two out of three consumers surveyed by the University of Michigan expect unemployment to worsen in the year ahead. That’s the the highest reading since 2009, and it raises worries about a job market that’s been the linchpin keeping the U.S. economy solid…

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Another report released in the morning also raised concerns after it showed a widely followed, underlying measure of inflation was a touch worse last month than economists expected. The data followed reports on other measures of inflation for the month, but this one is what the Federal Reserve tracks most closely as it decides what to do with interest rates.

The report also showed that an underlying measure of how much income Americans are making, which excludes government social benefits and some other items, “has been treading water for the last three months,” said Brian Jacobsen, chief economist at Annex Wealth Management.

“Households aren’t in a good place to absorb a little tariff pain,” he said. “The Fed isn’t likely to run to the rescue either as inflation moved up more than expected in February.”….

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