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Mubasher: US stocks fell on Friday, with commercial concerns and monthly jobs reporting strong weekly losses.
The Dow dropped nearly 300 points in trade with trade tensions and uncertainty about the Fed's next move after job data, but limited losses at closing.
Financial markets in the United States have been negatively impacted by the announcement by the US side of its intention to impose more tariffs on Chinese products despite China's threat of retaliation.
On the economic front, the US economy created 164,000 jobs in the labor market last month, as the unemployment rate stabilized, while wage growth accelerated in the United States.
High wages could boost inflation, reducing the Fed's chances of reducing interest rates at the September meeting.
The US central bank cut interest rates by 25 basis points at the July meeting and also decided to end the downsizing program next month.
On the other hand, the trade deficit of the world's largest economy recorded a lower than expected decline in June, but the deficit in the first half increased by 7.9%.
US consumer confidence improved last month, but below expectations.
At the close of trading, the Dow Jones Industrial Average Index lost 26%, or 98 points, to 26,485 points, a weekly loss of 2.6% or 707 points.
The Standard & Poor's 500 index fell 0.7% to 2,932 points, down 3.1% in the week ending the biggest weekly loss this year.
While the NASDAQ recorded a 1.3% drop to 8004 points, recording a weekly loss of about 4%.
At around 8:10 pm GMT, the US dollar was down 0.2 percent against the euro, with the single currency rising to $ 1.1107.
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