Market Reaction to Trade Balance Data

On Friday, the major stock markets in the United States experienced a downturn following the release of the latest trade balance report. The report highlighted an increase in the country's trade deficit to $102.9 billion in November, causing concern among investors.

Index Performance

At 9:30 am ET, the Dow Jones Industrial Average index saw a decrease of 0.62%, or 270 points, with 3M Company leading the losses by dropping 1.21%. Similarly, the Nasdaq 100 fell by 0.63%, or 135 points, as PDD Holdings Inc traded 1.82% lower. The S&P 500 wasn't spared, decreasing by 0.60%, with CME Group Inc taking a significant hit by plunging 2.75%.

Currency Market Movement

In the currency market, the euro gained 0.11% against the dollar at 9:27 am ET, trading at $1.04319. This slight increase reflects the ongoing adjustments in the global financial markets in response to the trade data.