Stocks fell sharply Friday as investors responded to President Donald Trump's latest moves on tariffs and an employment report that showed a significant slowing in the labor market.

U .S. stocks closed markedly lower on Friday, a day after President Donald Trump signed an executive order slapping new tariffs on dozens of countries. A weak jobs report worsened investor jitters, revealing a slowdown of hiring over recent months as Trump's previous tariffs took hold.

U.S. stocks slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure.