Wall Street Tumbles as Tariffs and Weak Jobs Data Rattle MarketsWall Street Tumbles as Tariffs and Weak Jobs Data Rattle MarketsUS stocks tumbled as tariffs, weak job data, and poor earnings rattled investor confidenceThe S&P 500 lost 1.60%, Nasdaq fell 2.24%, and Dow Jones dropped 1.23% on FridayAmazon dragged the market down after missing expectations for its cloud division, AWS, despite overall strong earningsApple’s revenue beat estimates, but CEO Tim Cook warned tariffs could add $1.1 billion in costsJuly job growth slowed more than expected, and past data was revised down — signaling cracks in the labor marketTraders now see an 86.5% chance the Federal Reserve will cut interest rates in September, up from 37.7% a day beforeNew tariffs were imposed on countries including Canada, Brazil, India, and Taiwan—fueling fears of a global trade warThe VIX, Wall Street’s “fear gauge,” hit 20.38—its highest close in over a monthIn a controversial move, Trump fired the Bureau of Labor Statistics commissionerWith Amazon, Apple, tariffs, jobs data, and Trump’s shock firing, markets had one of their roughest days this year