U.S. stock market tumbled hard after a weak July jobs report and President Trump’s new tariffs on 66 countries reignited fears of a global trade war. The Dow Jones, S&P 500, and Nasdaq plunged as job growth slowed to just 73,000, and unemployment rose to 4.2%. With sharp revisions in previous job data and fresh tariff shocks, investor confidence took a hit. Bond yields dropped, and recession fears are growing louder. Major stocks like Amazon and Apple slipped, while Wall Street now bets the Federal Reserve could cut rates in September to stabilize the slowing economy.