The Dow Jones Industrial Average (DJIA) snapped its three-week winning streak, marking the end of a period of significant gains. This comes amid growing tensions between the US and Canada over tariffs, with President Trump threatening to impose higher levies on Canadian goods.
The S&P 500 Index slipped from its record high as investors awaited word on potential tariffs on European Union (EU) goods from President Trump. A possible letter outlining further tariff increases sent shockwaves through markets, leading to a decline in stocks.
The Dow Jones Industrial Average fell by [insert percentage or dollar amount] points, booking a weekly loss for the third time this month. The S&P 500 Index also saw significant losses, contributing to a mixed trading day.
Investors remain cautiously optimistic despite Friday’s market downturn, as they closely monitor developments on US trade policy and its impact on global markets.
Source: https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-500-and-nasdaq-point-to-losses-as-trump-hits-canada-with-tariffs