LIVE MARKETS-Wall Street ends lower after Trump lobs new tariffs

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WALL STREET ENDS LOWER AFTER TRUMP LOBS NEW TARIFFS

Wall Street shares ended sharply lower on Friday as investors digested a new round of U.S. tariffs on dozens of trading partners, as well as a weak jobs report that fueled concerns about the health of the economy.

Just hours before his self-imposed tariff deadline on Friday, President Donald Trump signed an order imposing duties on imports from Canada, Brazil, India, Taiwan and several other nations.

Further denting confidence in the economic picture, data showed U.S. job growth slowed more than expected in July, while the prior month's report was revised sharply lower, indicating the labor market may be starting to crack.

The S&P 500 .SPX briefly extended its losses after Trump ordered that the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, be fired.

"(Trump) didn't seem to be disappointed with the last five jobs reports. It was only today's where this member of the BLS seems to be incompetent, so that stands out as irregular. I think this is clearly something that happens in dictatorships, not in democracies,” said Art Hogan, chief market strategist at B. Riley Wealth.

Amazon.com AMZN.O shares tanked more than 8% after the company posted quarterly results that failed to meet high expectations for its Amazon Web Services cloud computing unit, the focus of its massive AI capital spending efforts.

With Friday's loss, the S&P 500 is down 2.4% for the week, but it remains up 6% in 2025.

Here is your closing snapshot:

(Noel Randewich)

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EARLIER ON LIVE MARKETS:

EARNINGS LOOK BETTER THAN EXPECTED, DESPITE TARIFFS - CLICK HERE

INDIVIDUAL INVESTORS EXPRESS CONCERNS OVER VALUATIONS - AAII CLICK HERE

FRIDAY'S TERRIBLE, NO GOOD, VERY BAD DATA: PAYROLLS, PMI, UMICH, CONSTRUCTION SPENDING CLICK HERE

U.S. STOCKS TUMBLE IN EARLY TRADE AFTER JOBS DATA, AMAZON RESULTS CLICK HERE

U.S. STOCK FUTURES RED, YIELDS SLIDE, AFTER LATEST JOBS DATA CLICK HERE

EVEN DEALS DON'T BRING MUCH TARIFF CERTAINTY CLICK HERE

PAYROLLS: WHAT TO EXPECT ACROSS ASSETS CLICK HERE

STOXX SET FOR BIGGEST WEEKLY FALL IN FOUR MONTHS CLICK HERE

EUROPE BEFORE THE BELL: TARIFF JOLT CLICK HERE

MORNING BID: 'TARIFFS - USE THIS VERSION, PLEASE' CLICK HERE