The S & P 500 index lost the winnings on Friday because the market reacted to the news that the aggressive customs of President Donald Trump against the main American trade partners begin on Saturday.
A wide market index fell 0.5%, while Dow Jones Industrial Average fell for 337 points, or 0.8%, pressed by Chevron fall. Technologically rich Nasdaq Composite fell 0.4%.
The shares gave up their earlier gains after the secretary of the White House Karolina Leavitt announced on Friday afternoon that the president’s tariffs would be available to the public at some point on Saturday. Trump will introduce a customs from 25% for Canada and Mexico, with 10% customs for China. At its highest levels, Blue-Chip Dow increased about 170 points. Shares responded to those markets, such as Corona Brewery Constellation Brands and Mexican Food Chain Chipotle, who lost 2% and 1% after the news.
“This is very similar to what we saw on Monday, with Deepseek, isn’t it? So there were news; The first reaction was the sale, “Tom Hainlin said, a senior investment strategy in the US Bank Asset Management Group. “There is a first reaction to customs titles. We have no detail about them. We have no details about the percentage, are they temporary or permanent, what kind of reaction could you get from Canada, Mexico or China. Our perspective is that we will wait and find out when the actual policy is implemented. “
Investors also dedicated to Apple, whose shares have risen after the company’s fiscal expectations in the first trimester reports. While Apple reported about the iPhone related to the service revenue. The stock was last traded by 1% lower. Chevron and Exxon Mobile shares fell by 5%, or 3% due to disappointing results in the fourth trimester.
