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Stocks 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.
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127 Articles

Center

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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Center

Global stocks fall sharply on weak US job data, Trump tariffs

Stock markets dived Friday following weak US jobs data that raised doubts about the world's biggest economy as President Donald Trump moves forward with additional tariffs.

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Right

US employers hired just 73,000 people in July, compared to estimates of 115,000 - Tariff increases continue, although the cost is being passed on to consumers and businesses

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Lean Right

The courses of the online retailer Amazon, the crypto exchange Coinbase and the pharmaceutical company Moderna are breaking down. The US labor market cools down massively in the summer. Trump's erratic trade policy generally pushes the mood of the Börsians.

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CNBC broke the news in United States on Thursday, July 31, 2025.
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