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,

U.S. stocks saw a selloff accelerate on slightly hotter-than-expected inflation data and ongoing tariff worries that could keep Fed rates on hold.