Wall Street’s main index was scheduled for weekly decline on Friday, as fresh data painted a weak picture for the US economy, while the United Health was dropped after a report that the Justice Department is investigating the Healthcare Group .
In the afternoon trading, Dow Jones fell to an industrial average of 704 points, or 1.6%, 43,472. S&P 500 dropped 1.4%, and Nasdaq decreased by 1.7%.
All three main indexes have been set for a weekly decline despite the S&P500 Hitting Records height twice earlier this week. The Blue-Chip Dow was at the speed for its worst weekly slide from the beginning of January.
Data published by S&P Global showed the US commercial activity almost stalled in February, which was amid growing fears on tariffs on imports and deep cuts in the federal government spending.
Chris Williamson, the chief trade economist at S&P Global Market Intelligence, said, “Companies report widespread concerns about the impact of federal government policies, including spending from tariffs and geopolitical development to S&P Global Market Intelligence of S&P Global Market Intelligence The main trade economist said.
Another survey of the University of Michigan revealed that the US consumer spirit fell in February 15 months low and more than the expectations of inflation.
Peter Cardilo, the main market economist of Spartan Capital Securities, said, “There are signs that the economy may slow down, and combines that with the fears of Tariff’s unknown, it is a few pullbacks in the market. “
Dow Jones Transport is noted as a gauge to measure the power of the average-ores-consequence-economy-2.4% decreased and this year was on the track for its worst single-day decline.
The Wall Street Journal said that the United Health slipped 9% after the Department of Justice started investigating the company’s Medicare Billing practices in recent months.
Shares of other health insurers were also hit, with CVS Health lost 2.3% and Humana 4.6%.
On Thursday, the forecast of retail veteran Walmart’s door, President Trump’s tariff threats and Federal Reserve’s interest rate Outlook on Outlook, have reduced equity this week.
Earlier this week, Trump said he would announce a fresh tariff next month or soon, which add wood and forest products to announce plans to implement duties on imported cars, semiconductors and pharmaceuticals.
Personal consumption expenses (PCE) reading, preferred gauge for Fed’s inflation, will be on radar next week, as well as AI-Darling NVidia’s quarterly earnings.
The block estimated 15% after the benefit of the fourth quarter of the payment firm.
Akamai Technologies recorded a decline of 16.2% as a cyber security company to estimate the annual 2025 revenue below estimates.
