How major US stock indexes fared Friday, 2/7/2025

U.S. stocks slumped as worries flared again on Wall Street about tariffs and inflation. The S&P 500 fell 0.9% Friday and wiped out what had been a modest gain for the week. The Dow Jones Industrial Average sank 1%, and a sharp fall for Amazon after its latest profit report dragged the Nasdaq composite to a market-leading loss of 1.4%. Treasury yields rose after a preliminary report suggested U.S. consumers’ expectations for inflation are jumping and the latest update on the U.S. job market came in mixed. President Donald Trump also said an announcement on tariffs is likely early next week.