Wall Street Sees Red as Dow Jones Takes a Nosedive

On Friday, Wall Street witnessed a significant downturn, 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' anxieties were further compounded by the latest jobs report, which revealed that the US added fewer nonfarm payrolls in January than analysts had anticipated.

Market Reactions and Currency Movements

By 2:11 pm ET, the Dow Jones had slid 0.92%, or 410 points, while the Nasdaq 100 and S&P 500 also saw significant losses, plummeting 1.21% and 0.92%, respectively. The euro also felt the impact, losing 0.56% against the dollar to trade at 1.03314 by 2:17 pm ET.