US Markets Close Lower as Trade Turmoil and Earnings Reports Influence Investor Sentiment

This week, the US stock markets experienced a downturn, closing in the red on Friday. The week was marked by significant tariff announcements affecting trade relations with Canada, Mexico, and China. Additionally, earnings reports from major firms such as Alphabet, Disney, Uber, and Amazon played a crucial role in shaping investor sentiment, alongside disappointing nonfarm payroll data.

President Donald Trump hinted at a forthcoming meeting on reciprocal tariffs early next week, adding another layer of uncertainty for market participants. The Dow Jones Industrial Average, Nasdaq 100, and S&P 500 all saw declines, with notable drops from companies like Nike Inc., Amazon.com Inc., Marvell Technology Inc., and Ulta Beauty Inc. Meanwhile, the euro also experienced a decrease against the dollar.