Tue Sep 02 14:30:00 UTC 2025: **Dow Plunges as Wall Street Braces for Crucial Jobs Report**

**NEW YORK -** U.S. stocks tumbled on Tuesday, marking a rocky start to September, historically the worst month for trading. The Dow Jones Industrial Average fell 0.8%, the S&P 500 dropped over 1%, and the Nasdaq Composite plunged 1.3%, led by declines in tech giants like Alphabet and Amazon.

The downturn comes as investors anxiously await Friday’s jobs report, which will heavily influence expectations for future interest rate cuts by the Federal Reserve. Rising Treasury yields reflect the uncertainty.

Adding to market jitters are concerns about Federal Reserve independence amidst legal challenges to President Trump’s tariffs and attempts to influence the Fed’s board. A court ruling against Trump’s tariffs and rising gold prices, fueled by rate-cut bets, further contribute to the volatile market conditions.

Nvidia saw its stock drop, adding to worries over the AI sector. Meanwhile, natural gas futures fell sharply after Russia announced a major pipeline deal with China. Some companies however rose such as Nio and Pepsico, rising over promising results.

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