Market Reactions to Trump's Trade Policies

Major US stock markets experienced a downturn on Friday, halting Wall Street's three-day winning streak. Investors are closely monitoring the situation amid fresh trade rhetoric from US President Donald Trump and a mixed bag of corporate earnings reports.

Early Market Movements

At 9:31 am ET, the Dow Jones Industrial Average saw a slight decrease of 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 dipped by 0.17% and 0.15% respectively. Intel faced a significant drop of 8.57% following its disappointing earnings announcement.

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.