Wall Street Sees Sharp Decline

On Friday, Wall Street experienced a significant downturn, with the Dow Jones Industrial Average dropping more than 400 points. This decline was fueled by growing concerns over the Trump administration's tariff policies, including threats to impose reciprocal duties on trading partners.

Impact of the Latest Jobs Report

Investors also reacted to the latest jobs report, which revealed that the US added 143,000 nonfarm payrolls in January, falling short of analysts' expectations. This news contributed to the market's unease and the subsequent sell-off.

Market Performance

By 2:11 pm ET, the Dow Jones had slid 0.92%, or 410 points. The Nasdaq 100 and the S&P 500 also saw declines, dropping 1.21% and 0.92%, respectively, by 2:13 pm ET.

Currency Movements

In currency markets, the euro lost 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET, reflecting the broader market sentiment and concerns over global trade tensions.