The US stock slipped on Friday (August 1, 2025), and S&P faced its biggest daily percentage fall in more than two months, as the new American tariff and surprisingly weaker job reports on dozens of trading partners promoted sales pressure.
After posting quarterly results by the company, Amazon.com shares had weight on equity 8.3%, but failed to meet the high expectations for its Amazon web services cloud computing unit.
On Friday, a few hours before the tariff’s deadline, President Donald Trump signed an executive order to implement duties on American imports from countries including Canada, Brazil, India and Taiwan, in its latest round, countries as Levies in their latest rounds sought ways to reach better deals.
Further dental confidence in the economic picture, data showed us from increase in jobs that the previous month’s report was rapidly reduced, showing us that the labor market could begin cracks.
In the report, the Federal Reserve raised the expectations of cutting interest rates in its September meeting.
“There is no way to make this report beautiful. The previous months have been revised very low, where the Labor Market has been on the stall-speed,” said Brian Jacobsen, the chief economist of the Annex Wealth Management at Wisconsin’s Menomony Falls.
“Last year Fed did not play cutting in July, so he cut the catch-up in his next meeting. They would have to do the same this year.” According to CME’s Fedwatch Tool, Fed has cut at least 25 basis points in its September meeting, which was at least 25 basis points in the September meeting 86.5%, which is above 37.7% in the pre -session.
Dow Jones Industrial Average fell 542.40 points, or 1.23%, 43,588.58, S&P 500 lost 101.38 points, or 1.60%, 6,238.01 and 472.32 points in Nasdaq Composite and 472.32 points, or 2.24%, 20,650.13.
The S&P 500 recorded its largest single-day percentage fall since May 21, while Nasdaq faced its biggest daily percentage fall since April 21.
For the week, S&P 500 fell 2.36%, NASDAQ fell by 2.17%, and Dow fell 2.92%.
The CBOE volatility index, also known as Wall Street’s Fear Gauge, closed 3.66 points at 20.38, which is the closest since 20 June.
Amazon Dow, S&P 500 and Nasdaq had the largest drag and pushed the consumer discretionary index below 3.6% as the worst performance of 11 major S&P 500 regions.
In addition, the earnings were apple with earnings, which was lost 2.5% after posting an existing-term revenue forecast over the estimates of Wall Street, but CEO Tim Cook warned that the cost of US tariffs would cost $ 1.1 billion.
Trump said the stocks said that he said the Commissioner of the US Bureau of Labor Statistics, Erica L. Ordered McCenteer to be fired in view of job data.
“(Trump) not disappointed with the reports of the last five jobs,” Art Hogan, Main Market Strategist, B. Relay Wealth, Boston said the firing stood out as irregular.
“I think it is clearly something that happens in dictatorship, not in democracy.”
The Federal Reserve said that Governor Adriana Kuggler is resigning early from his tenure and would exit the Central Bank on August 8, making President Donald Trump capable of selecting a new governor as he recently put pressure against the chair Geom Powell.
The issues that reduced the Advancers by the 2.17-TO-1 ratio on the NYSE and the 2.69-TO-1 ratio on the NASDAQ surpassed the Advancers.
S&P 500 made eight new 52-week high and 29 new climb, while NASDAQ Composite recorded 29 new and 202 new climbs.
The volume on US exchanges was 19.51 billion share compared to the 18.44 billion average for the full session in the last 20 business days.
Published – 02 August, 2025 08:30 AM IST
