U.S. stocks saw notable declines on Friday, with the major indices dipping after the release of a weak July jobs report and President Trump’s official announcement of tariff hikes.

Just days after Union Pacific’s early-stage talks to acquire Norfolk Southern made headlines, CSX Corporation is now signaling that it, too, could be reevaluating its long-term path.

Microsoft has officially entered the elite $4 trillion market cap club, becoming only the second publicly traded company to reach this milestone, joining Nvidia.