The Perfect Storm: How Jobs Data and Trade Tariffs Sent Markets Tumbling
Friday, August 1, 2025, will be remembered on Wall Street as the day a long-simmering sense of uncertainty finally boiled over. A potent combination of disappointing economic data and renewed fears over President Trump’s aggressive tariff policy sent U.S. stock markets into a tailspin, with the S&P 500 suffering its steepest single-day decline since June….