U.S. Stock Markets Reel from Tariff Uncertainty and Weak Jobs Report
Major indices face steep losses and volatility as February jobs data disappoints and tariff policies create economic uncertainty.
- The Dow, S&P 500, and Nasdaq experienced significant losses this week, with the Nasdaq entering correction territory after falling over 10% from its February peak.
- President Trump temporarily suspended tariffs on North American trade agreement products until April 2, but markets remain volatile due to ongoing uncertainty surrounding trade policies.
- February's jobs report revealed 151,000 jobs added, below the projected 160,000, while the unemployment rate unexpectedly rose to 4.1%.
- Treasury yields dipped as concerns about a slowing U.S. economy grew, with the 10-year Treasury note yield falling to 4.23%.
- Walgreens announced it will go private in a $10 billion acquisition by Sycamore Partners, marking a major shift for the struggling retail giant.