American equities experienced one of their worst sessions in months following a 332 point drop in the Dow Jones Industrial Average as disappointing consumer data weighed on the outlook. The savings rate for consumers has risen to a multi-year high and with spending taking a tumble in the first quarter, expectations are for a struggling retail sector as consumer spending fails to rebound. The surging dollar, which is rising at the fastest pace in 34-years, is not helping corporate multinationals deriving revenues from abroad as exports become more expensive. After reaching and crossing the previous record highs reached during the dotcom bubble, the Nasdaq Composite has also retraced lower, with stocks giving up gains for 2015 year-to-date. The recovery in employment is not enough to offset other disappointing factors like the problematic student loan bubble and popping subprime auto-lending market.