In New York,  the Dow Jones Index fell 529 points or 1.20 percent on Friday. Leading the losses are Amazon (-8.09%), UnitedHealth (-4.78%) and 3M (-3.27%).

The Dow Jones Index Closes 1.20% Lower

The Ibovespa fell 0.5% to 132,437 on Friday pulling the index down 0.7% for the week as persistent industrial contraction, plunging oil prices and fresh trade tariffs curbed investor appetite. July’s PMI held at 48.2 for a third month while June’s industrial output rose just 0.1% after a flat May, underscoring tepid growth. Oil benchmarks slid on forecasts of higher OPEC+ supply and weaker demand, dragging Petrobras down 2.2%. President Trump’s 50% tariff on Brazilian exports reignited export-revenue fears and prompted profit-taking in agriculture and mining. Even Embraer’s exemption to a 10% levy failed to support its shares as margin pressures emerged. Meanwhile, US payrolls missed at 73,000 jobs with steep revisions, dimming the global outlook and fuelling early Fed-cut bets that have tightened funding for emerging-market equities.

Ibovespa Drops 0.7% on the Week

The S&P/TSX Composite fell 0.9% to close at 27,020 on Friday, dragging weekly losses to 1.7% after President Trump’s abrupt executive order ushered in a 35% levy on most Canadian exports not covered by USMCA, hitting resource and industrial names. E-commerce giant Shopify was among the hardest hit, shedding 3.4% as the demand outlook for its services deteriorated, further weighed down by peer Amazon’s disappointing earnings. Financials also came under pressure, with heavyweight Brookfield losing 2.9% to lead the sector’s decline. At the same time, US July nonfarm payrolls disappointed with just 73,000 jobs added and deep downward revisions to prior months, dimming the growth outlook and fueling concerns over demand for Canadian exports, particularly energy. Heavyweights Canadian Natural, Suncor, and Cenovus lost between 1.5% and 3.1%.

TSX Posts Weekly Losses Amid US Tariffs

US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and Taiwan. On the corporate front, Amazon sank nearly 8% on disappointing cloud guidance, dragging tech lower, while Apple fell 2.9% despite strong results. Exxon (-1.8%) and Chevron (-0.1%) beat expectations, Eli Lilly (+3%) gained on drug coverage hopes, and Moderna fell 6.6% on vaccine concerns. All three major indexes posted weekly losses.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News

The Dow Jones Index Closes 1.20% Lower

Ibovespa Drops 0.7% on the Week

TSX Posts Weekly Losses Amid US Tariffs

Wall Street Tumbles as Labor Data Disappoints