Trade Turmoil and Earnings Shape Market Sentiment

Major US stock markets closed lower on Friday, reflecting a week filled with trade tensions and mixed earnings reports from leading companies. The Dow Jones Industrial Average, Nasdaq 100, and S&P 500 all saw significant drops, influenced by tariff announcements and investor reactions to earnings from companies like Alphabet, Disney, Uber, and Amazon.

President Trump's Announcement on Reciprocal Tariffs

Adding to the market's volatility, President Donald Trump hinted at a forthcoming announcement on reciprocal tariffs, scheduled for early next week. This has kept market participants on edge, closely monitoring developments on the trade front.

Impact on Major Indices and Currency Exchange Rates

The Dow Jones Industrial Average index fell by 0.99%, with notable declines in shares of Nike Inc. and Amazon.com Inc. The Nasdaq 100 and S&P 500 also experienced significant drops, alongside a decrease in the euro's value against the dollar.