Market Turmoil: Wall Street Grapples with Sluggish Hiring and Tariff Tensions

On Friday, stocks fell decisively on Wall Street after a significant slowdown in U.S. hiring was reported. Treasury yields plunged, reflecting investor anxiety over the future of the market.

President Donald Trump's decision to once again push back the implementation of tariffs adds to the market's unease, with tariffs now scheduled for August 7. This uncertainty, coupled with the unexpectedly low hiring numbers, has led to increased bets on a Federal Reserve interest rate cut in September.

The Dow Jones and Nasdaq both saw significant decreases, as investors brace for potential economic impacts of these developments. Globally, markets in Europe and Asia echoed the decline seen in the U.S., marking a turbulent period driven by geopolitical and economic factors.

(With inputs from agencies.)