Stocks slump on latest tariffs, soft jobs data

The US stocks fell on Friday, and S&P has been subjected to the largest daily decline for more than two months, as S&P has encouraged a new US tariffs and a surprisingly weak job reports to the trade partner.

In addition, the stock weighing, the company’s three -month results after the release of Amazon.com shares decreased by 8.3 percent, but the Amazon Web Services could not meet the supreme expectations for the cloud computing unit.

On Friday, just a few hours before the tariff deadline, President Donald Trump signed an executive order that imposes a mission on US imports, including Canada, Brazil, India and Taiwan in the latest taxes as they tried to look for ways to achieve better agreements.

The data that gives more confidence to the economic picture showed that the US business growth slowed more than expected in July, and that the previous month’s report was sharply lower, which showed that the labor market could begin to crack.

The report significantly increased the expectations that the Federal Reserve would reduce interest rates at the September meeting.

“There is no way to beautify this report. In previous months, the labor market was significantly lower in places where the labor market was at the stall speed,” Wisconsin, Wisconsin, Menomonee Waterfalls. He said.

“Last year, the Fed made a capture deduction at the next meetings, so they will have to do the same thing this year.” Market expectations Fed, CME’s Fedwatch vehicle, increased from 37.7 percent in the previous session to reduce at least 25 basis points at the September meeting.

The Dow Jones industrial average decreased to 43.588.58 with a decrease of 542.40 points or 1.23 percent, lost S&P 500 101.38 points or 1.60 percent and Nasdaq Composite lost 472.32 points or 2.24 percent.

The S&P 500 has recorded the largest one -day percentage decrease since May 21, while Nasdaq has been subjected to the largest daily decline since April 21st.

For the week, the S&P 500 fell 2.36 percent, NASDAQ fell by 2.17 percent and Dow fell by 2.92 percent.

The CBOE Volatility Index, also known as Fear Gauge of Wall Street, closed 3.66 points at 20.38 and has the highest closed since June 20.

Amazon was the largest drag in Dow, S&P 500 and Nasdaq, and the consumer demanding index has reduced approximately 3.6 percent as the worst performance of the 11 large S&P 500 industry.

In addition, Apple also reported that the Wall Street forecasts have been lost 2.5 percent after publishing an existing quarter of income estimates, but CEO Tim Cook warned that US tariffs will add $ 1.1 billion (A1.7 billion dollars) costs during the period.

Trump said that Erika L. Mcentarfer, a US Office of Statistics, ordered to be fired after business data.

“(Trump) did not seem to have been disappointed with the last five job reports, Bost Boston said, B. Riley Servet Chief Chief Art Hagan said that fire was irregular.

“I think this is clearly not in democracies, but something in the dictatorships.”

The Federal Reserve said that Governor Adriana Kugler resigned early from the era and would leave the Central Bank on August 8, and President Donald Trump has chosen a new governor because it increased pressure against President Jerome Powell to reduce interest rates recently.

Decreasing problems are more than 2.17-1 in NYSE and more than a number of 2,69-1 in NASDAQ.

S&P 500, the highest and 29 new low level of 52 weeks, while Nasdaq Composite 29 new high and 202 new low.

The volume in the US stock exchanges was 19.51 billion, an average of 18.44 billion for the full session during the last 20 transaction days.