The stock market faced a tumultuous day as fresh data ignited inflation fears, leading to a steep sell-off on Wall Street. The Dow plunged over 700 points, indicating a grim outlook for investors amid growing concerns about a weaker economy and the potential impact of new tariffs. With the S&P 500 and Nasdaq also dropping significantly, this marks one of the worst quarters for stocks in recent times. Investors are reacting to the latest inflation reports, which are contributing to a risk-off sentiment in the markets. Additionally, uncertainties around consumer spending and the looming announcement of auto tariffs by the Trump administration further exacerbated market turmoil, triggering a rout particularly among tech stocks. As analysts warn of prolonged uncertainty affecting both US and global risk assets, the market grapples with rising inflation and the implications of potential trade disruptions.