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Wall Street ended sharply lower on Friday due to mixed U.S. payrolls data, weak consumer sentiment, and revived trade war concerns. Major U.S. indexes fell steeply after President Trump's announcement of new tariffs, while Treasury yields and the dollar rose amid the market turmoil and disappointing tech sector earnings.
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U.S. stock indexes closed lower as President Trump announced upcoming reciprocal tariffs on multiple countries, following weak jobs data and consumer sentiment. The Dow fell 444.23 points, and all S&P 500 sectors traded lower. Strong earnings reports had offset a weak start earlier in the week. The Fed may delay interest rate cuts amid slowing job growth.
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Hamas is set to release three Israeli hostages on Saturday in exchange for 183 prisoners held by Israel in the fifth exchange of a fragile Gaza ceasefire. Palestinian militants, led by Hamas, have so far freed 18 hostages in exchange for around 600 mostly Palestinian prisoners released from Israeli jails.
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