Market Reaction to Trade Uncertainty

Major US stock markets experienced a downturn on Friday, halting a three-day winning streak. Investors were seen reacting to the latest trade rhetoric from US President Donald Trump, coupled with a mixed bag of corporate earnings reports.

Stock Performance Highlights

At 9:31 am ET, the Dow Jones Industrial Average saw a slight decline of 0.13%, with Nike shares dropping by 1.73%. Shortly after, the Nasdaq 100 and the S&P 500 also fell by 0.17% and 0.15% respectively. Notably, Intel's shares took a significant hit, plummeting by 8.57% following a less-than-stellar earnings announcement.

Currency Market Movements

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