Market Reaction to Trump's Trade Policies and Corporate Earnings

Wall Street's three-day winning streak came to a halt on Friday as major US stock markets opened lower. Investors were closely monitoring the latest trade rhetoric from President Donald Trump and digesting a mix of corporate earnings reports.

Key Market Movements

At 9:31 am ET, the Dow Jones Industrial Average was down by 0.13%, with Nike leading the decline at 1.73%. Shortly after, the Nasdaq 100 and the S&P 500 also saw decreases of 0.17% and 0.15%, respectively. Intel's stock took a significant hit, plunging 8.57% following a less-than-stellar earnings announcement.

Currency Market Update

In the currency markets, the euro weakened against the dollar, trading at $1.13400, a decrease of 0.44% at 9:29 am ET.