Wall Street slides at open on Trump tariffs, Amazon results, soft payrolls
by Reuters Aug 01, 2025
Wall Street opened sharply lower on Friday as new U.S. tariffs on dozens of trading partners and Amazon's unimpressive earnings weighed on sentiment, while a weaker payrolls report added to risk aversion.
The Dow Jones Industrial Average fell 349.2 points, or 0.79%, at the open to 43781.77. The S&P 500 fell 52.1 points, or 0.82%, to 6287.28, while the Nasdaq Composite dropped 291.8 points, or 1.38%, to 20830.643.
(Reporting by Nikhil Sharma; Editing by Maju Samuel)
Reuters
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