#WhiteHouseDigitalAssetReport

🚨 US Stock Market Update - August 1, 2025 🚨

US stock futures slipped sharply on Friday ahead of the July jobs report, with Dow Jones futures down nearly 1%, S&P 500 futures down 0.9%, and Nasdaq futures down about 1%.

The sell-off was triggered by President Trump's sweeping new tariffs on imports from 92 countries, including a hike of Canadian goods tariffs from 25% to 35%, effective August 7. These measures have sparked fears of a global trade war and inflationary pressures.

In the previous trading session, the Dow fell 0.74%, S&P 500 lost 0.37%, and Nasdaq dipped 0.03%. Amazon shares plunged roughly 7% after issuing weaker revenue guidance, while Apple rose 2% after better-than-expected earnings.

Investors are cautious ahead of the July jobs report, which is expected to show the slowest hiring growth since last October and a slight rise in the unemployment rate.

The core PCE inflation gauge rose 0.3% in June, adding uncertainty about the Federal Reserve’s next moves.

Broad market weakness was seen across tech, retail, and manufacturing sectors due to rising trade tensions and economic uncertainty.

Stay tuned for more updates!

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