Another wipeout slammed Wall Street as worries built about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.

U.S. stocks have recovered a chunk of their losses since falling 10% below their all-time high earlier this month, in their first “correction” since 2023. The S & P 500 is down 6% from its record, and that drop has left the market looking less expensive than before, which had been a major criticism following its euphoric rise in earlier years.

U.S. stocks are falling following discouraging updates on inflation and how much U.S. households may be willing to spend