Trade Turmoil and Earnings Reports Impact Market Sentiment

This week, the US stock markets faced significant challenges, closing lower on Friday. The downturn was influenced by a series of tariff announcements affecting key trading partners such as Canada, Mexico, and China. Additionally, earnings reports from major companies like Alphabet, Disney, Uber, and Amazon played a crucial role in shaping investor sentiment, alongside disappointing nonfarm payroll data.

President Trump's Announcement 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 Indexes and Currency Impact

The Dow Jones Industrial Average index saw a decrease of 0.99%, with significant losses from Nike Inc. and Amazon.com Inc. The Nasdaq 100 and S&P 500 also experienced downturns, with Marvell Technology Inc. and Ulta Beauty Inc. leading the losses. Meanwhile, the euro traded lower against the dollar, reflecting the ongoing market volatility.