Summary
The Dow Jones fell 748 points Friday, marking its worst day of 2025, as investors reacted to weak economic data and inflation concerns.
Consumer sentiment dropped sharply, existing home sales declined, and U.S. services activity contracted.
Fears over Trump tariffs and spending cuts further rattled markets.
The S&P 500 and Nasdaq also saw significant declines as investors shifted away from riskier assets.
JP Morgan Chase disclosed more information about Jamie Dimon’s new plan to sell one million shares.
The bank said in a regulatory filing late Fridaythat Dimon, its chairman and CEO, adopted on Nov. 7 a so-called Rule 10b5-1 plan to sell one million JPMorgan shares from that date through Aug. 1 this year. The transactions will be made by trusts and an investment vehicle Dimon controls