Dow Drops 600 Points as Stocks Head for Worst Quarter Since 2023

Wall Street experienced significant losses amid concerns over worsening inflation and a slowing U.S. economy, with the Dow Jones Industrial Average dropping 719 points, or 1.7%. Lululemon Athletica's stock plummeted 15.4%, despite reporting stronger-than-expected profits, marking one of its worst days in over a year. A survey from the University of Michigan indicated that two out of three U.S. consumers expect unemployment to rise, the highest level of concern since 2009, which raises alarms about the job market. Global stock markets are likely to remain unstable as a deadline approaches for new tariffs announced by President Trump.