Wall Street Sees Red as Dow Dives

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

Market Reaction and Currency Impact

By 2:11 pm ET, the Dow Jones had slid 0.92%, or 410 points, reflecting the market's unease. The Nasdaq 100 and the S&P 500 also saw significant drops, with the Nasdaq plummeting 1.21% and the S&P 500 down by 0.92%. The euro also felt the impact, losing 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET.