Wall Street opens lower and bond yields sink following weak hiring numbers and new tariffs
NEW YORK (AP) — Stocks are opening lower on Wall Street and Treasury yields are falling sharply after the government reported a sharp slowdown in hiring last month. Markets are also reacting early Friday to the latest tariff news. The S&P 500 fell 1% in the first few minutes of trading.
The Dow Jones Industrial Average sank 383 points, or 0.8%. The Nasdaq composite was down 1.4%. The suprisingly weak hiring numbers led investors to step up their expectations for an interest rate cut in September.
President Donald Trump issued a new set of sweeping import duties that will apply to dozens of countries as of Aug. 7.
More Stories
Balcony solar panels reach UK shelves with promise of £110 a year off bills
Plug-in solar panels have gone on sale in the UK for the first time, with Argos this week becoming the...
Top 6 AI Infographic Generators (Ranked & Reviewed)
Late last year, a marketing strategist in my network needed to turn a research-heavy briefing into a visual asset before...
When SMEs scale connected services: how to keep ownership and avoid rebuilding the platform every time the business pivots
Most connected services start with a narrow business problem. A manufacturer may add remote monitoring to reduce support calls, give...
6 Ways a Car Cover Can Save You Money on Vehicle Maintenance
A car parked in the driveway may look perfectly safe, but every day it sits outside, it is exposed to...
Applied Nutrition closes in on £1bn valuation after raising guidance for third time this year
The sports supplement maker Applied Nutrition has raised its annual sales and profit guidance for the third time this year,...
One of Britain’s oldest family firms to save £250,000 a year as energy scheme opens to forges
One of the UK’s oldest family-owned companies has praised the government’s decision to include forges in its energy subsidy scheme...