Wall Street Sees Significant Losses

On Friday, Wall Street experienced a sharp decline, with the Dow Jones Industrial Average dropping 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 React to Economic Indicators

Investors were particularly rattled by the suggestion of reciprocal tariffs on trading partners, which could further strain international trade relations. Additionally, the latest jobs report revealed that the US added 143,000 nonfarm payrolls in January, falling short of analysts' expectations and adding to the market's unease.

Market Performance Overview

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%. Meanwhile, the euro lost 0.56% against the dollar, reflecting the broader market's downturn.