Market Reacts to Trade Uncertainty and Earnings Reports

On Friday, the US stock markets experienced a downturn, breaking a three-day winning streak. This shift was attributed to investors' reactions to President Donald Trump's latest trade comments and a mix of corporate earnings results.

Early Market Movements

By 9:31 am ET, the Dow Jones Industrial Average had fallen by 0.13%, with Nike leading the decline at 1.73%. Shortly after, at 9:32 am ET, 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, dropping by 8.57% following a less-than-favorable earnings report.

Currency Market Fluctuations

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