Dow Jones Industrial Average tumbled 517 points, or 1.2 percent, by mid-trading. S&P 500 shed 2.3 percent, and the Nasdaq Composite lost 3.6 percent. Both the broad-based S-P 500 and the tech-heavy Nasdaq fell to their lowest levels since September 2024. Tech stocks were the worst hit, dragging the NasDAQ nearly 4% lower. This downturn follows last week’s steep losses, where the S/P 500 recorded its worst weekly performance since September, falling 3.1 percent, while the Dow and Nasdaq dropped 2.4 percent and 3.5 percent, respectively. Fears of an economic slowdown also rocked banking and retail stocks, with shares of Costco, Walmart, JPMorgan Chase, Citigroup, Wells Fargo, Bank of America, Morgan Stanley, and Goldman Sachs sliding into losses. A key concern is that elevated tariffs could drive prices higher, making it more challenging for the Federal Reserve to cut interest rates and support economic growth. Adding to investor caution is a series of high-value macroeconomic data releases scheduled throughout the week. The New York Fed’s consumer expectations survey is set for later today, while University of Michigan’s consumer sentiment reading is expected on Friday. Inflation data will also be in focus, with the February consumer price index (CPI) slated for release on Wednesday, followed by the producerPrice index (PPI) on Thursday.