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.

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