Wall Street Sees Sharp Declines as Tariff Worries Mount

On Friday, Wall Street experienced significant losses, with the Dow Jones Industrial Average plunging more than 400 points. This downturn was fueled by renewed concerns over the Trump administration's tariff policies, particularly after reports emerged that reciprocal duties on trading partners might be imposed.

Investors Digest Disappointing Jobs Report

Adding to the market's unease, the latest jobs report revealed that the US added 143,000 nonfarm payrolls in January, falling short of analysts' expectations. This news contributed to the day's bearish sentiment, as investors weighed the implications for economic growth.

Market Indices Reflect Widespread Sell-off

By early afternoon, the Dow Jones had slid 0.92%, or 410 points, while the Nasdaq 100 plummeted 1.21%, and the S&P 500 was down 0.92%. The euro also lost ground against the dollar, declining 0.56% to 1.03314 by 2:17 pm ET.