All three major U.S. stock indexes finished steeply lower in a broad selloff that accelerated after a report that U.S. President Donald Trump will shortly announce new tariffs. The indexes all notched losses on the week.

The much-anticipated employment report showed the U.S. added 143,000 jobs in January, 53.4 percent fewer than December’s upwardly revised 307,000.

Earlier, a survey showed U.S. consumer sentiment dropped unexpectedly in February to a seven-month low, and inflation expectations rocketed, with households seeing inflation over the next year surging to 4.3 percent—the highest since November 2023.

The Dow Jones Industrial Average fell 444.23 points, or 0.99 percent, to 44,303 points; the S&P 500 lost 57.58 points or 0.95 percent; and the Nasdaq Composite lost 268.59 points, or 1.36 percent.

All three indexes were down for the week, with the Dow breaking a three-week streak of gains and ending 0.54 percent lower. The S&P fell 0.24 percent while the Nasdaq was down 0.53 percent. All 11 S&P 500 sectors traded lower on Friday, with consumer discretionary leading losses with a roughly 2.5 percent fall.

On the Nasdaq, 1,241 stocks rose and 3,145 fell as declining issues outnumbered advancers by a 2.53-to-1 ratio.

Volume on U.S. exchanges was 15.06 billion shares, compared with the 14.91 billion average for the full session over the last 20 trading days.