US Markets Close Lower as Trade Turmoil and Earnings Shape Investor Sentiment

This week, major US stock markets concluded in red, reflecting a week filled with volatility due to trade tariff announcements involving key partners such as Canada, Mexico, and China. The market's mood was further influenced by earnings reports from giants like Alphabet, Disney, Uber, and Amazon, alongside disappointing nonfarm payroll data.

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

The Dow Jones Industrial Average index saw a significant drop of 0.99%, with notable losses from Nike Inc. and Amazon.com Inc. The Nasdaq 100 and S&P 500 also experienced declines, with specific stocks like Marvell Technology Inc. and Ulta Beauty Inc. taking substantial hits. The euro also weakened against the dollar, trading 0.59% lower at $1.03273 by late afternoon.