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Multiple U.S. economic indexes fall amid tariff concerns
United States - February 22, 2025 Several economic indexes of the United States revealed on Friday went down, as investors expressed concerns over the Trump administration's tariffs plans. The S and P Global U.S. Composite PMI, which gauges activity in the manufacturing and services sectors, went down to 50.4 in February, below the reading of 52.7 in January, according to results of surveys published on Friday. Chris Williamson, chief business economist at the S and P Global Market Intelligence, said the decline shows that businesses are generally concerned about the potential impact of U.S. government policies, including changes in tariffs and domestic spending cuts. On the same day, the Consumer Sentiment Index released by the University of Michigan (UM) Surveys of Consumers fell to 64.7 in the February 2025 survey, down from 71.7 in January and at its lowest reading since November 2023. As weaker-than-expected economic data raised concerns over inflation and growth, the U.S. stocks suffered deep losses on Friday. The Dow Jones Industrial Average fell 748.63 points, or 1.69 percent, to 43,428.02. The S and P 500 sank 104.39 points, or 1.71 percent, to 6,013.13, and the Nasdaq Composite Index shed 438.36 points, or 2.20 percent, to 19,524.01. The video shows: Beijing, China - Feb 22, 2025 1. Screenshot of S and P Global United States Composite PMI 2. Screen shot of Dow Jones index 3. Screen shot of S and P 500 index 4. Screen shot of NASDAQ index FILE: Ohio, USA - Date Unknown 5. Various of workers in auto glass production factory FILE: Georgia, USA - 2018 6. Various of beer production line FILE: New York City, USA - October 2024 7. Various of New York Stock Exchange (NYSE) building, national flags of U.S., flag of NYSE 8. Various of buildings, traffic, pedestrians 9. Various of port, Statue of Liberty FILE: Washington D.C., USA - Jan 20, 2025 10. Various of White House, traffic 11. Various of Capitol building, traffic [Restrictions: No access Chinese mainland]
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