Dow tumbles more than 700 points

Dow tumbles more than 700 points as inflation and tariff fears mount
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Investors grew fearful that weak consumer sentiment could lead to a
pullback in Americans' shopping habits. Consumer spending makes up
more than two-thirds of the US economy.

Although there's no evidence that a recession is anywhere on the
horizon, economic data has weakened in recent months. Job growth has
fallen off over the course of the past year as employers wait to see
what the Trump administration's economic policy will bring -
particularly around tariffs, which could severely dent companies'
bottom lines. Housing continues to slow down: a National Association
of Realtors report Friday shows that sales of existing homes fell 4.9%
in January from the previous month, while prices shot up to a record
high for the month, exacerbating America's home affordability crisis.

https://www.cnn.com/2025/02/21/investing/stock-market-dow-jones/index.html