Major stock markets in the United States opened Friday's trading session with losses after the latest jobs report showed that nonfarm payrolls were up by 73,000 in July, well below the expected 104,000.
Investors also assessed the effects of United States President Donald Trump's decision to delay tariffs on Mexico for an additional 90 days as well as updated duties ranging from 10% to 41% for select nations effective August 7.
The Dow Jones slumped 1.13% or 506 points, and the Nasdaq 100 decreased 1.89% or 433 points with Amazon.com Inc dropping 6.89%. Shortly after, the Dow dropped 619 points. The S&P also traded in red territory, losing 1.26% as Eastman Chemical Co. crashed 13.65%.
Meanwhile, the euro continued to rise against the dollar, gaining 1.34% at 9:29 am ET to sell for $1.15669.
