Stock markets faced a significant downturn as a combination of disappointing job reports and new tariffs enacted by Trump weighed heavily on investor sentiment. The Dow Jones Industrial Average dropped over 500 points, marking its steepest decline since May, while the S&P 500 recorded its worst day in months. The weak July jobs report shocked Wall Street, prompting fears of an economic slowdown and triggering a sell-off across major indices. Observers noted that bond yields fell sharply, reflecting increased caution among investors. Despite these challenges, some analysts and traders remain cautiously optimistic, suggesting that a recovery could still be on the horizon if the economic landscape stabilizes.