Equity Alert
US indices end sharply lower; US tariffs, economic data weigh
This story was originally published at 08:00 IST on 4 August 2025
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Equity Alert: US indices end sharply lower; US tariffs, economic data weigh
MUMBAI--0747 IST--US indices ended sharply lower Friday as fresh US tariff-related news and a weaker-than-expected emplyment data dented sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite ended 1-2% lower.
Shares of heavyweight Amazon plunged over 8?ter its quarterly result failed to meet lofty expectations for its Amazon Web Services cloud computing unit, Reuters reported. Apple fell nearly 3?spite beating the Street's expectations on earnings as chief executive officer Tim Cook warned US tariffs would add $1.1 billion in costs over time.
The US announced a host of trade deals before the Aug. 1 deadline including those with Canada, Brazil, India, and Taiwan. US employment data also came in below expectations as non-farm payrolls increased by 73,000 jobs in July, after rising by a downwardly revised 14,000 in June. Economists polled by Reuters had forecast payrolls would increase by 110,000 jobs after rising by a previously reported 147,000 in June, Reuters reported.
"The president's unorthodox economic agenda and policies may be starting to make a dent in the labor market," Reuters reported Christopher Rupkey, chief economist at FWDBONDS, as saying. "The labor market is not rolling over, but it is badly wounded and may yet bring about a reversal in the U.S. economy's fortunes."
Following are the closing levels of US indices Friday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 43588.58 | (-)1.23 |
| NASDAQ Composite | 20650.132 | (-)2.24 |
| S&P 500 | 6238.01 | (-)1.60 |
(Akash Mandal)
End
Edited by Akul Nishant Akhoury
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