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 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.

Apple posted its current-quarter revenue forecast well above Wall Street estimates, but CEO Tim Cook warned U.S. tariffs would add $1.1 billion in costs over the period. The stock was up 2%.