US stocks fell the most in two months as a bout of gloomy economic data showed sentiment among consumers and businesses has cooled a month into Donald Trump’s presidency.
The S&P 500 fell 1.7 per cent on Friday, the worst slide for Wall Street’s blue-chip index since December 18, when the Federal Reserve cut interest rates but signalled a slower pace of monetary policy easing in 2025.
The tech-focused Nasdaq Composite was down 2.2 per cent in its steepest fall since January 27, when Big Tech stocks were hit as worries over advancements by Chinese artificial intelligence start-up DeepSeek rattled the sector.
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