Wall Street Extends Losses as Dow Drops Significantly

On Friday, Wall Street witnessed 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. Simultaneously, investors were digesting the latest employment data, which revealed that the U.S. added 143,000 nonfarm payrolls in January, a figure that fell short of analysts' expectations.

Market Impact and Currency Fluctuations

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 experienced a downturn, dropping 0.92% at the same time. In currency markets, the euro lost 0.56% against the dollar, trading at 1.03314 by 2:17 pm ET.