US Markets End Week in Red Amid Trade Tensions

This Friday, the US stock markets closed lower, reflecting a week filled with volatility due to ongoing trade disputes and mixed corporate earnings reports. Key players like Canada, Mexico, and China were involved in tariff announcements that significantly impacted investor sentiment. Additionally, earnings reports from major firms such as Alphabet, Disney, Uber, and Amazon, alongside disappointing nonfarm payroll data, further influenced market dynamics.

Trump Announces Upcoming Meeting on Reciprocal Tariffs

Just before the markets closed, President Donald Trump hinted at a potential announcement regarding reciprocal tariffs, scheduled for early next week. This development has kept market participants on edge, closely monitoring any updates on the trade front.

Market Indices and Currency Movements

The Dow Jones Industrial Average index saw a significant drop of 0.99%, with Nike Inc. and Amazon.com Inc. leading the losses. The Nasdaq 100 and S&P 500 also experienced declines, with Marvell Technology Inc. and Ulta Beauty Inc. among the hardest hit. Meanwhile, the euro fell 0.59% against the dollar, trading at $1.03273 at 3:58 pm ET.