The President of the USA, Donald Trump, has announced that the tariff pause that was to expire on 1 August will be extended to 7 August. Additionally, the tariff rates have been significantly increased for some countries.
On Friday, a report from the USA's Department of Labor also showed that 73,000 new jobs were created outside the agricultural sector in the USA in July. And it was significantly less than expected. Additionally, the job figures for May and June were heavily revised downwards.
The broad S&P 500 index fell 1.6 percent, the Dow Jones industrial index dropped 1.2 percent while the technology-heavy Nasdaq composite index closed 2.2 percent minus.
Also, the interest rates on most American government bonds fell.
Seen over the entire week, the S&P 500 fell 2.4 percent, the Dow Jones dropped 2.9 percent while the Nasdaq fell 2.2 percent, reports AP.
After the stock market closed on Thursday, the e-commerce giant Amazon's and the IT giant Apple's half-year reports were released. The companies reported better than the analysts' expectations, but on Friday, both fell.
Amazon fell 8.3 percent while Apple lost 2.5 percent.
