A sell-off on Wall Street deepened Friday after Federal Reserve Chair Jerome Powell warned the Trump administration’s tariffs are likely to boost inflation and hit economic growth.
Near 1645 GMT, the Dow Jones Industrial Average was down 3.4 percent at 39,159.18.
The broad-based S&P 500 sank 4.0 percent to 5,182.47, while the tech-rich Nasdaq Composite Index also tumbled 4.0 percent to 15,895.29.
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