Wall Street Sees Significant Downturn
On Friday, Wall Street experienced a notable downturn, with the Dow Jones Industrial Average falling 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.
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Impact of Latest Jobs Report
Investors also reacted to the latest jobs report, which revealed that the US added 143,000 nonfarm payrolls in January. This figure fell short of analysts' expectations, adding to the market's unease.
Market Performance
By early afternoon, the Dow Jones had dropped 0.92%, or 410 points, while the Nasdaq 100 saw a 1.21% decrease. The S&P 500 also declined by 0.92% at the same time. Additionally, the euro experienced a 0.56% loss against the dollar, trading at 1.03314.
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