U.S. stocks slumped Friday as worries flared again on Wall Street about tariffs and inflation. The S&P 500 fell 0.9% and erased what had been a modest gain for the week. It’s one of the worse drops for the index so far in the young year,

U.S. stocks are slipping Friday after a discouraging report suggested U.S. consumers are bracing for higher inflation, while a separate update gave a mixed picture of the U.S. job market. The S&P 500 was 0.

The latest consumer sentiment data showed near-term inflation expectations rose to their highest level since November 2023.

U.S. stock indexes are holding relatively steady following a mixed report on the job market that analysts said may not change much for financial markets. The S&P 500 was up