Market Reaction to Trade and Earnings

US stock markets experienced a downturn on Friday, breaking a three-day winning streak. The shift came as investors digested new trade comments from President Donald Trump and a mix of corporate earnings reports.

Index Performance

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, the Nasdaq 100 and S&P 500 followed suit, dropping by 0.17% and 0.15% respectively. Notably, Intel faced an 8.57% plunge after its earnings report failed to meet expectations.

Currency Market Movements

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