Wall Street Witnesses Significant Downturn

On Friday, Wall Street experienced a notable decline, with the Dow Jones Industrial Average plummeting more than 400 points. This downturn was fueled by concerns over potential new tariffs from the Trump administration and a less-than-expected jobs report for January.

Investors were on edge as rumors circulated about the Trump administration's plans to impose reciprocal tariffs on trading partners. This, combined with the latest employment figures showing the U.S. added 143,000 nonfarm payrolls in January—below analysts' expectations—contributed to the market's unease.

Market Indices Take a Hit

By early afternoon, the Dow Jones had slid 0.92%, the Nasdaq 100 plummeted 1.21%, and the S&P 500 was down 0.92%. The euro also felt the impact, losing 0.56% against the dollar.

This market movement underscores the sensitivity of global markets to U.S. policy decisions and economic indicators. Investors are closely watching for any further developments that could influence market trends in the coming weeks.