Another wipeout is slamming Wall Street Friday as worries build about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend given uncertainty about the global trade war.

US stocks tanked on Friday as Wall Street grappled with President Trump's escalating trade war and weighed signs of reinvigorated inflation pressures amid souring consumer sentiment. The major averages fell on Friday after the release of a hotter-than-expected Personal Consumption Expenditures index reading,

Another wipeout is slamming Wall Street Friday as worries build about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.