Another wipeout walloped Wall Street Friday. Worries are building 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.

The S&P 500 dropped 2% for one of its worst days in the last two years. It thudded to its fifth losing week in the last six after wiping out what had been a big gain to start the week.

The Dow Jones industrial average sank 715 points, or 1.7%, and the Nasdaq composite fell 2.7%.

Lululemon Athletica led the market lower with a drop of 14.2%, even though the seller of athletic apparel reported a stronger profit for the latest quarter than analysts expected.

Oxford Industries, the company behind the Tommy Bahama and Lilly Pulitzer brands, likewise reported stronger results for the latest quarter than expected but still saw its stock fall 5.7%.

A report on Friday showed all types of U.S. consumers are getting more pessimistic about their future finances. Two out of three expect unemployment to worsen in the year ahead, according to a survey by the University of Michigan.

A separate report also raised concerns after it showed a widely followed, underlying measure of inflation was a touch worse last month than economists expected.

Some of Wall Street’s sharpest losses on Friday hit companies that need customers feeling confident enough to spend, and not just on yoga wear or beach clothes. Delta Air Lines lost 5%. Casino operator Caesars Entertainment dropped 5%. Domino’s Pizza sank 5.1%.

The heaviest weights on the market were Apple, Microsoft and other Big Tech stocks, whose massive sizes give their movements more sway over indexes.

On the flip side, among the relatively few rising stocks on Wall Street were those that can make money almost regardless of what the economy does, such as utilities. American Water Works rose 2.2%.

All told, the S&P 500 fell 112.37 points to 5,580.94. The Dow dropped 715.80 to 41,583.90, and the Nasdaq composite lost 481.04 to 17,322.99.

In the bond market, the yield on the 10-year Treasury tumbled to 4.25% from 4.38% late Thursday. It tends to fall when expectations for either U.S. economic growth or inflation are on the wane.

— Associated Press