Market Reaction to Trump's Executive Actions

US stock markets faced a downturn as they closed on Friday, marking the end of Donald Trump's first week back in the White House. The week was characterized by a series of executive orders that have stirred the pot of investor uncertainty.

Key Decisions and Their Impact

Among the significant actions taken by Trump were the halt on a TikTok ban and the withdrawal from the World Health Organization. Additionally, Trump rescinded several of Biden's executive orders, signaling a shift in US policy on critical issues such as immigration, the economy, and the environment. His statements in Davos further emphasized his push for lower oil prices and interest rates, alongside promoting the US as a leader in crypto and AI.

Market Indices and Currency Movement

The Dow Jones Industrial Average index saw a decrease of 0.32%, or 140 points, while the Nasdaq 100 dropped by 0.58%. The S&P 500 also experienced a loss, decreasing by 0.29%. In currency markets, the euro gained 0.74% against the dollar, trading at $1.04939 by 3:58 pm ET.

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