Market Reaction to Trump's Trade Rhetoric

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

Indexes and Stocks Performance

At 9:31 am ET, the Dow Jones Industrial Average saw a slight decrease of 0.13%, with Nike shares dropping by 1.73%. Shortly after, at 9:32 am ET, the Nasdaq 100 and the S&P 500 also declined by 0.17% and 0.15% respectively. Intel's shares took a significant hit, plunging 8.57% following a disappointing earnings announcement.

Currency Markets Update

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