Stocks fall broadly on Wall Street as inflation worries grow

A broad slide for stocks on Wall Street Friday has the market on pace to end a turbulent week of trading in the red as investors weigh the latest updates on inflation expectations, consumer spending and corporate earnings.

"I don't think that technically or fundamentally means anything because a whole lot hasn't changed," said Sylvia Jablonski, chief investment officer at Defiance ETFs."I don't think we're likely to see any sense of direction or stability in the near term." Inflation, though cooling in some areas of the economy, remains stubbornly hot overall. A survey from the University of Michigan on Friday showed that consumers raised their expectations for future inflation. It also showed that overall consumer confidence remains surprisingly strong despite high prices on a wide range of goods.

Good luck buying a house now, all you libs complaining about housing costs! This will hit you harder than the rising home prices from the last couple years.

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