Wall Street Sees Significant Losses as Dow Drops Over 400 Points

Investors on Wall Street faced a challenging day as major indexes extended their losses, with the Dow Jones Industrial Average plunging more than 400 points. This downturn was fueled by growing concerns over the Trump administration's tariff policies, including threats of imposing reciprocal duties on trading partners. Additionally, the market reacted to the latest jobs report, which indicated that the US added 143,000 nonfarm payrolls in January, falling short of analysts' expectations.

By 2:11 pm ET, the Dow Jones had slid 0.92%, or 410 points, while the Nasdaq 100 plummeted 1.21% at 2:13 pm ET. The S&P 500 also experienced a decline, dropping 0.92% at the same time. In currency markets, the euro lost 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET.