Wall Street tumbled Friday for the second day in a row over fears about tariffs and inflation.The Dow on Friday closed down more than 700 points.There are three big indicators feeding into those drops. One of them involves one of the biggest retailers in the country: Walmart. The company released a weaker earnings report than usual, which acts as a way to measure consumer sentiment.>> Subscribe to WMUR’s YouTube channel <
MANCHESTER, N.H. —
Wall Street tumbled Friday for the second day in a row over fears about tariffs and inflation.
The Dow on Friday closed down more than 700 points.
There are three big indicators feeding into those drops. One of them involves one of the biggest retailers in the country: Walmart. The company released a weaker earnings report than usual, which acts as a way to measure consumer sentiment.
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On top of that are worries over tariffs from the Trump administration, plus inflation spikes.
Financial advisor Paul Lane said all of those indicators shouldn’t mean you change your investment strategy just because of what’s happening right now.
“Don’t make an emotional decision to reallocate things just because you saw something on the news. Really keep that long-term perspective in mind,” Lane said.
Lane adds that to protect that long-term perspective, you should allocate between stocks and bonds for the best financial outcome, a strategy that is best no matter what’s happening with the economy moving forward.
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