Major US Stock Markets End in Red

On Friday, the US stock markets concluded a tumultuous week in negative territory. This downturn was influenced by recent tariff announcements affecting key trading partners such as Canada, Mexico, and China. Additionally, investor sentiment was swayed by the earnings reports from major corporations including Alphabet, Disney, Uber, and Amazon, alongside disappointing nonfarm payroll data.

Trump's Announcement on Reciprocal Tariffs

Shortly before the markets closed, President Donald Trump hinted at an upcoming meeting regarding reciprocal tariffs, suggesting a potential announcement early next week. This has kept market participants on edge, closely monitoring developments on the trade front.

Market Indices and Currency Movements

The Dow Jones Industrial Average index saw a significant drop of 0.99%, or 444 points, with notable losses from Nike Inc. and Amazon.com Inc. The Nasdaq 100 experienced a 1.30% decline, led by a 7.23% fall in Marvell Technology Inc. shares. Similarly, the S&P 500 fell by 0.95%, with Ulta Beauty Inc. shares dropping 6.68%. In currency markets, the euro was down 0.59% against the dollar, trading at $1.03273 at 3:58 pm ET.