Wall Street Sees Red as Dow Jones Dives

In a surprising turn of events, Wall Street witnessed a significant downturn on Friday, with the Dow Jones Industrial Average plunging more than 400 points. This steep decline was fueled by growing concerns over the Trump administration's tariff policies, including threats of reciprocal duties on trading partners. Adding to the market's unease, the latest jobs report revealed that the US added only 143,000 nonfarm payrolls in January, falling short of analysts' expectations.

Market Indexes Take a Hit

At 2:11 pm ET, the Dow Jones was down by 0.92%, or 410 points, reflecting the market's jitters. Similarly, the Nasdaq 100 and the S&P 500 were not spared, with the former plummeting 1.21% and the latter dropping 0.92% at the same time. This widespread decline underscores the market's sensitivity to both domestic policy changes and economic indicators.

Euro Struggles Against the Dollar

In the currency market, the euro faced its own challenges, losing 0.56% against the dollar to trade at 1.03314 by 2:17 pm ET. This movement highlights the interconnectedness of global markets and the ripple effects of US economic policies and indicators on foreign exchange rates.