Wall Street's Dow Jones Takes a Nosedive

On a turbulent Friday, Wall Street witnessed significant losses as the Dow Jones Industrial Average plunged more than 400 points. This downturn was fueled by growing concerns over the Trump administration's potential imposition of reciprocal tariffs on trading partners, alongside a less-than-stellar January jobs report.

Investors React to Economic Indicators

Investors were quick to react to the latest economic indicators, including the jobs report which revealed that the US added 143,000 nonfarm payrolls in January, falling short of analysts' expectations. This news, combined with tariff tensions, led to a widespread sell-off across major indexes.

By 2:11 pm ET, the Dow Jones had slid 0.92%, or 410 points, while the Nasdaq 100 and S&P 500 also experienced significant drops, plummeting 1.21% and 0.92% respectively at around the same time.

Euro Weakens Against the Dollar

Amidst the market turmoil, the euro lost 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET, reflecting the broader uncertainty and risk-off sentiment prevailing in the markets.