11:42 AM EDT, 04/04/2025 (MT Newswires) -- All three major stock indexes were down in late-morning trading Friday, with the Dow Jones Industrial Average shedding nearly 1,500 points after China vowed to impose additional 34% tariffs on all imported US goods from April 10 in response to US President Donald Trump's tariff policy unveiled on Wednesday.

The March employment report showed a 228,000 monthly increase in nonfarm payrolls following a 117,000 rise previously, compared with estimates compiled by Bloomberg for a 140,000 gain.

The unemployment rate gained 10 basis points to reach 4.2% versus estimates for no change at 4.1%.

In equities, shares of Tesla (TSLA) retreated 9.4% and Apple ( AAPL ) dropped 4.5% following new tariffs on US goods announced by China, where the two companies earn a large part of their revenue, as per a Reuters report.

GE HealthCare Technologies ( GEHC ) shares slid more than 12% after China restricted exports of a rare earth metal used in MRI scans as part of its retaliation against the Trump administration's latest tariffs.

China's Ministry of Commerce said Friday it was restricting the exports of rare earths samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, including metals, alloys, oxides, compounds, and related products of the rare earths.

DuPont de Nemours' ( DD ) China unit is being investigated by China's State Administration for Market Regulation for alleged antitrust law violation, Bloomberg reported Friday, citing the agency.

The company said in a statement emailed to MT Newswires that it is aware of a report on the agency's probe. "We take this matter very seriously and are reviewing claims in the report," DuPont de Nemours ( DD ) said. The company's shares declined past 11%.

Price: 244.48, Change: -22.80, Percent Change: -8.53

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