The four major indexes fell across the board

The major U.S. stock index fell sharply during the session. The Dow Jones Industrial Average was temporarily trading at 43,476.43, down 1.48%; the S & P 500 Index was temporarily trading at 6,225.54, down 1.80%; the Nasdaq Composite Index was temporarily trading at 20,620.54, down 2.38%; the Philadelphia Semiconductor Index was temporarily trading at 5,503.39, down 1.86%. The declines reflect market concerns about President Trump's new tariff policies and a weak jobs report.

Stock differentiation

In terms of performance, Monolithic Power Systems, Align Technology and First Solar rose 9.76%, 6.95% and 5.1% respectively, indicating investor confidence in the performance of these companies. However, Eastman Chemical, Ingersoll Rand and W.W. Grainger W. W. Grager fell 20.91%, 11.62% and 10.27% respectively, hurt by lower-than-expected results and higher tariff costs.

The seven major US stocks are generally under pressure

The seven major U.S. stocks were generally under pressure, with Vidia, Tesla, Apple, Facebook, Microsoft, Alphabet and Amazon all falling to varying degrees. Among them, Amazon's share price fell 8.44% because its cloud business performance fell short of market expectations and gave weak profit expectations.

New tariff policy triggers market turmoil

President Trump has announced new tariffs on goods from many countries, ranging from 10% to 41% for countries that fail to reach a new trade deal, exacerbating market turmoil. In particular, tariffs on Taiwanese goods were set at 20%, down from the previous threat of 32%. The measures have sparked market concerns about escalating global trade tensions.

Employment report fell short of expectations

The latest employment report showed that non-farm payrolls increased by only 73,000, well below the expected 104,000, and data for the first two months were revised downward, indicating a slowdown in the job market. Unemployment rose to 4.2%, data that could prompt the Federal Reserve to consider further interest rate cuts.

Bond market reacted strongly

Affected by weak employment data, the yield on the 10-year Treasury bond fell sharply to 4.27%, indicating increased market expectations for a possible Federal Reserve rate cut. In addition, President Trump called on the Fed to lower interest rates and threatened to take action against Fed Chairman Powell.

Oil and gold price trends diverge

In terms of commodity markets, oil prices fell while gold prices rose, indicating increased risk aversion in the market. The U.S. dollar weakened against the euro, pound and yen, and major cryptocurrencies also showed a downward trend, reflecting market uncertainty.