US Markets Close Lower Amid Trade Turmoil

This Friday, the US stock markets concluded a tumultuous week on a downward note, heavily influenced by the latest tariff announcements affecting key trading partners such as Canada, Mexico, and China. The market's sentiment was further swayed by the earnings reports from major corporations, including Alphabet, Disney, Uber, and Amazon, alongside disappointing nonfarm payroll data.

President Donald Trump hinted at a potential announcement regarding reciprocal tariffs in the coming week, keeping market participants on edge. The Dow Jones Industrial Average index, Nasdaq 100, and S&P 500 all experienced significant drops, with notable declines in shares of Nike Inc., Amazon.com Inc., Marvell Technology Inc., and Ulta Beauty Inc. The euro also saw a decrease against the dollar, trading lower by 0.59% at 3:58 pm ET.