Dow tumbles over 500 points on inflation worries, Trump tariffs
1. S&P 500 fell 1.5% amid rising inflation concerns. 2. Tariff strategies may exacerbate inflation, impacting economic growth. 3. Consumer spending rebounded despite tariff uncertainties. 4. First quarterly decline in six quarters observed for S&P 500. 5. Lululemon adjusted forecasts downward, affecting consumer discretionary sector.