The shares closed the fall on Friday, the day after the S & P 500 reached the new record maximum, after President Donald Trump announced 35% Customs Canada and threatened with higher customs in all areas.
Dow Jones Industrial Average lost 279.13 points, ie 0.63%, closing at 44,371.51. The S & P 500 dropped by 0.33% and ended at 6,259.75, and Nasdaq Composite ended the day with a drop of 0.22% at 20,585.53.
Trump is as a reason for larger customs in Canada cited Fentanil, adding that they will grow if the earth returned.
“If Canada cooperates with me to stop the flow of Fentanil, we may consider the adaptation of this letter,” Trump told the letter published on Truth Social.
Trump then told NBC News to plan a general tariffs of 15% to 20% on the remaining countries, which is more than a current 10% standard with which investors are used to.
“I think the tariffs are very well accepted. The Stock Exchange have reached a new peak today,” Trump told NBC News on Thursday, SEEbiz reports.
The traders were also waiting for Trump’s Store in the European Union this week, but it is not clear whether the president will publish a letter with a new rate as he did with Canada or will simply give update on the progress of current negotiations on the agreement.
The losses on Friday followed after all the three main average increased throughout Thursday.
S & P rose by 0.3% on Thursday and reached a new record, while the technologically directed Nasdaq ended up 0.1% while investors rejected all worries about the latest trading events, including 50% of the rates of BRAZIL presented this week.
The losses on Friday pushed the main indices into red for this week. Dow Jones Industrial Average ended a week with a 1% drop, while S & P and NASDAQ recorded losses of 0.3% and 0.1% respectively.
“This has so far been a week in which growing rhetoric around the store did not negatively affect the vocational partners, but the order of the most important partners who was thrown in our wing,” said Art Hogan, the main market strategist in B. Riley Wealth Management.
Next week investors will have to be managed at the beginning of the earnings reporting season for another quarter, with the publication of some inflation data.
