U.S. Stocks Tumble as U.S. Jobs Market Weakens, New Tariffs Hit -- Market Talk

Dow Jones
2025/08/02

1608 ET - U.S. stocks slide following new tariff announcements and paltry U.S. jobs creation. Futures were already down overnight after Trump's tariff orders were issued late yesterday, then the payrolls reports hit. Job creation was lower than forecast and previous monthly figures were slashed. Moderna falls 7% after the drugmaker cut its revenue outlook. Kimberly-Clark rises 5% as the maker of Kleenex tissues beats 2Q profit estimates. The S&P 500 Consumer Discretionary Index falls 3.6%, its worst day since April. Nasdaq falls 2%, to 20650. The S&P 500 loses 2% to 6238 and the DJIA sheds 542 points, or 1%, to 43589. For the week, Nasdaq declines 2%, S&P 500 falls 2% and DJIA loses 3%, its worst week since Liberation Day. (paulo.trevisani@wsj.com; @ptrevisani)

 

(END) Dow Jones Newswires

August 01, 2025 16:08 ET (20:08 GMT)

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