NEW YORK (AP) — Stocks slumped in afternoon trading on Wall Street Friday and Treasury yields fell sharply after the government reported a sharp slowdown in hiring last month.
Markets are also reacting to the latest tariff news. President Donald Trump once again extended the date at which punishing import taxes will take effect for a long list of countries. The tariffs are now expected to take effect Aug. 7 for countries that have yet to make a deal with the U.S.
The S&P 500 fell 1.2%. The decline marks a sharp shift for the index, which hasn’t fallen by more than 1% since June. It is also on
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