The stocks are diving while disappointed the job numbers and “panic”.

the Dao Jones industrial average fell 520 points (1.1 %) as of 9:40 am Each time. the Nasdak The index was from 332 points (1.6 %) and the S&P decreased 77 points (1.2 %).

Non -agricultural salaries increased by 73,000 last month, which was much less than 100,000 economists expected. In addition, the Ministry of Labor reviewed the previous months down, saying that the growth of jobs in June, which was previously reported in the amount of 147,000, was actually 14,000. The May number was changed from 125,000 to 19,000.

This indicated that the labor market has been weak for a long time now, which is suspected of many Americans, despite the numbers of upward jobs. The only bright side can give the Federal Reserve a reason to reduce interest rates sooner than expected.

“Data data today indicates that the conditions of labor market continue to calm, and although the most soft conditions do not guarantee a warning signal to investors, it must put participants in the market, including the federal reserve, in a notice that economic conditions are transformed,” said Charlie Ribli, the chief investment strategy in the market. Allianz Investment management.

The definitions were the main weight on the stocks, though. Overnight, Trump has updated the drawings, which now ranges from 10 % to 41 %. Even the goods that were transferred to avoid definitions It will face a 40 % tariff now. Canada will now get a 35 % tax, an increase of 25 %.

Macquarie Thierry Wizman and Gareth Berry, in a note for investors, wrote at the beginning of the month “with a little panic”.

In the midst of all this, Trump has resumed his general criticism of the President of the Federal Reserve, Jerome Powell, apparently encourages the Federal Reserve to launch a coup. Trump wrote, “Jerome” is very late, “Powell, a stubborn fool, who must significantly reduce interest rates, now.” “If he continues to reject it, the council must bear control, and do what everyone knows!”

The opening of the weak market comes after three consecutive days of losses for the S&P 500. Since Trump took office, the S&P 500 has increased by 5.7 %. DOW increased by 1.5 % and Nasdak only shy by 8 %, compared to the place where they stand on January 19.