Wall Street Faces Downturn

Wall Street experienced a significant downturn on Friday, 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. Additionally, investors reacted to the latest jobs report, which revealed that the US added 143,000 nonfarm payrolls in January, falling short of analysts' expectations.

Market Indices Take a Hit

By 2:11 pm ET, the Dow Jones had slid 0.92%, or 410 points. Similarly, the Nasdaq 100 plummeted 1.21%, and the S&P 500 was down 0.92% at the same time. These movements highlight the market's volatility in response to recent economic indicators and policy uncertainties.

Currency Exchange Rates

In currency markets, the euro lost 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET. This shift reflects the broader market's reaction to the day's economic developments and investor sentiment.