US EditionStocks slump on latest tariffs, soft jobs data
UNITED STATES, AUG 1 – Stocks fell sharply after President Trump imposed tariffs on over 90 countries and July jobs growth slowed to 73,000, below the 100,000 estimate, officials said.
- On Friday, investors sent stocks tumbling as the Dow fell 542 points, and the S&P 500 and Nasdaq declined significantly.
- On Thursday, President Donald Trump signed a series of executive orders imposing tariffs on over 90 countries, with rates between 10 and 41 percent, the steepest since the 1930s.
- Labor figures indicated that July's payrolls increased by 73,000 after revisions cut nearly 260,000 from previous months, below expectations.
- Amid market pressures, President Donald Trump fired Dr. Erika McEntarfer, accusing her of manipulating reports for "political purposes," while bond yields fell on rate-cut bets.
- Market players expect that the Federal Reserve will resume rate cuts next month, with money markets fully priced in two cuts in 2025 and an 80% chance of a September reduction, said Michael O'Rourke at JonesTrading LLC.
168 Articles
168 Articles
Stocks slide as Trump’s new tariff sweep offsets earnings
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US stocks tumble as weak jobs report adds to doubts on economy
NEW YORK, United States — US stocks finished sharply lower Friday following a weak July jobs report that raised concerns about US economic health. Major US indices fell 1.2 percent or more after the Department of Labor reported lower than expected jobs data for July. It also announced downward revisions to the prior two months. “Investors
US Stock Markets Stagger Amid Job Deficit and New Tariffs - Real News Now
A sudden dip in the United States stock markets occurred this past Friday, triggered by a disappointing employment update and the introduction of fresh tariffs as decreed by President Donald Trump. These developments have intensified the financial community’s apprehensions regarding the potential economic implications. An unexpected job deficit came to light in July: employers added only 73,000 jobs to the economy, falling short of expectations,…
Weekend and the stock market does not take a break.According to the original report, the Dow Jones Industrial Average collapsed 531 points, or 1.2%, this Friday until 1 p.m. ET. It is not the only one that is in a fallen layer: the S&P 500 dropped 93 points (1.6%) and the Nasdaq Composite lost 451 points (2.1%).A discouraging picture for investors who continue to digest economic developments.Employment without the expected pushThe new employment…
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