Stocks plummeted after a disappointing July jobs report and last-minute changes to Trump’s tariff rates. The Dow fell 542 points, Nasdaq sank 2.24%, and the S&P 500 dropped 1.6%. Nonfarm payrolls were up only 73,000, well below expectations, signaling weak job market conditions and a possible Federal Reserve interest rate cut. Trump also criticized Fed chair Jerome Powell, urging rate cuts. Market panic ensued, with three consecutive days of S&P 500 losses this week.

Read more at Yahoo Finance: Dow tumbles more than 500 points as job numbers shock Wall Street and tariff ‘panic’ sets in