The market is down today primarily due to a combination of factors including weak jobs reports and ongoing tariff-related tensions. A recent weak July jobs report showed slower job growth and rising unemployment, which raised recession fears. Additionally, President Trump's new tariffs on multiple countries have reignited concerns of a global trade war, further impacting investor confidence and pushing major indexes like the Dow, S&P 500, and Nasdaq down. Investors are shifting to safer assets amid growing economic uncertainty and fears of slowing growth and tighter financial conditions. Key stocks such as Amazon and Nvidia have also dragged the market lower today. These elements combined are driving today's market decline.
