Weekly Market recap - Friday, 7-Feb

Major US equity indices were lower this week, with the S&P, Nasdaq, and Russell all closing down for the second straight week. Trade war developments dominated a week of volatile headlines. Aside from the tariff headlines earlier this week, President Trump said today that he would announce "reciprocal tariffs" on many unnamed countries to help balance US trade. It was a busy week of economic data as well, with January nonfarm payrolls taking center stage.