Dow drops almost 900 points, S&P 500 declines the most since April after Trump's new tariff threat
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Dow drops almost 900 points, S&P 500 declines the most since April after Trump's new tariff threat
Stocks settled decidedly lower after a rapid decline on Friday following President Trump’s threat of higher tariffs on China, in which he accused the country of “becoming very hostile” with its restrictions on rare earth metals, a key resource for the tech and defense industries.
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Jobs data, again, was not released on Friday as the record-long government shutdown has resulted in a lack of official data on the labor market as well as a host of other important indicators. Had the Bureau of Labor Statistics released its monthly nonfarm payrolls report, economists surveyed by Dow Jones expect it would have shown a decline of 60,000 jobs and an unemployment rate increase to 4.5%. Other data points collected over the past several weeks paint a broad mosaic of a weak though not
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