Wall Street Sees Sharp Decline as Tariff Worries and Jobs Data Weigh on Stocks

On Friday, the stock market experienced a significant downturn, with the Dow Jones Industrial Average dropping more than 400 points. This decline was fueled by concerns over potential new tariffs from the Trump administration and a less-than-expected January jobs report, which showed the addition of 143,000 nonfarm payrolls.

Market Performance: By 2:11 pm ET, the Dow Jones had fallen by 0.92%, or 410 points. The Nasdaq 100 wasn't far behind, plummeting 1.21% by 2:13 pm ET, while the S&P 500 also saw a 0.92% decrease at the same time.

Currency Impact: The euro also felt the pressure, losing 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET.