Wall Street Sees Red as Dow Jones Drops Significantly

On Friday, Wall Street experienced a significant downturn, with the Dow Jones Industrial Average plunging more than 400 points. This decline was fueled by renewed concerns over the Trump administration's tariff policies, including threats to impose reciprocal duties on trading partners.

Investors React to Jobs Report

Adding to the market's woes, investors were also digesting the latest jobs report, which revealed that the US added 143,000 nonfarm payrolls in January. This figure fell short of analysts' expectations, further dampening market sentiment.

By 2:11 pm ET, the Dow Jones had slid 0.92%, or 410 points, while the Nasdaq 100 plummeted 1.21% by 2:13 pm ET. The S&P 500 also saw a decline, dropping 0.92% at the same time.

Euro Drops Against the Dollar

In currency markets, the euro lost 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET, reflecting the broader market uncertainty.