💨 Abstract

Wall Street ended lower on Friday due to a mixed U.S. payrolls report, weak consumer sentiment data, and trade war concerns. The Dow, S&P 500, and Nasdaq all posted losses, with the Dow dropping 0.99%. The employment report showed a decrease in job growth, but an increase in wage growth and a surprise dip in the unemployment rate. Trade tensions escalated after President Trump announced plans for new tariffs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖