Wall Street fell Friday, with the Dow down 297 points and the S&P 500 slipping 0.3%

Wall Street recorded a significant downturn, with the Dow down by 297 points (0.7%) and the S&P 500 slipping by 0.3%. Investors reacted strongly to President Trump’s announcement of a 35% tariff on Canada.

Concerns are mounting due to rising 10-year Treasury yields exceeding 4.40% and Jerome Powell’s departure as Fed Chair, contributing to uncertainty despite decreased volatility, indicated by the VIX dropping to 15.7.