US stocks close lower on trade war escalation, weak data

February 8, 2025

U.S. stock indexes closed lower as President Trump announced upcoming reciprocal tariffs on multiple countries, following weak jobs data and consumer sentiment. The Dow fell 444.23 points, and all S&P 500 sectors traded lower. Strong earnings reports had offset a weak start earlier in the week. The Fed may delay interest rate cuts amid slowing job growth.

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