US Stock Markets End Week in Red Amid Trade Turmoil

This Friday, major US stock markets closed lower, marking the end of a week filled with volatility due to new tariff announcements affecting key trading partners such as Canada, Mexico, and China. Investor sentiment was further influenced by earnings reports from major companies including Alphabet, Disney, Uber, and Amazon, alongside disappointing nonfarm payroll data.

Impact on Major Indices

The Dow Jones Industrial Average fell by 0.99%, or 444 points, with significant losses from Nike Inc. and Amazon.com Inc. The Nasdaq 100 and S&P 500 also saw declines, with Marvell Technology Inc. and Ulta Beauty Inc. experiencing notable drops. The euro also weakened against the dollar, trading 0.59% lower by the afternoon.

Looking Ahead: Trade Developments

President Donald Trump's announcement of a forthcoming meeting on reciprocal tariffs has kept market participants on edge. As the trade situation unfolds, investors remain vigilant, closely monitoring any developments that could impact the markets further.