Market Downturn Amid Trade Uncertainty

Major US stock markets experienced a downturn on Friday, halting Wall Street's three-day winning streak. The shift came as investors weighed the implications of President Donald Trump's latest trade rhetoric and a mixed bag of corporate earnings reports.

Early Trading 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. Intel's shares took a significant hit, plunging 8.57% after releasing an underwhelming earnings report.

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.