Trade Fears Shake up Markets Ahead of Long Weekend

3 Min Read
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 23, 2019. REUTERS/Brendan McDermid

The actions decreased on Friday after President Donald Trump again increased commercial fears, warning Apple and educating more rigid duties in the European Union.

The Dow Jones Industrials lost 256.02 points at 41,603.07.

The S&P 500 fell 39.19 points to 5,802.82

The Nasdaq compound failed in 188.53 points, or 1%, at 18,737.21.

Apple’s shares show more than 2% after Trump published in Truth Social that the iPhones sold in the United States should be done in the United States and if they are not “a rate of at least 25% must be paid by Apple.” The Trump Apple movement is the first against a specific company in its tariff launch this year.

Micron and Qualcomm decreased 2%. Nvidia’s actions lost 1%.

The actions left their minimums of the day after the White House reports did not interpret Trump’s comments as a formal policy statement.

The markets south of the border are, of course, closed on Monday for the day of the fallen.

Friday decreases were added to the weekly losses of the market. The S&P 500, Dow and Nasdaq have dropped more than 2% this week.

Separately, the president said that commercial discussions with the EU “are not going anywhere” and, therefore, it is “a direct rate of 50% on the European Union, as of June 1, 2025”.

Trump’s actions arrive at a time when tariff tensions relax.

Trump implemented duties in most nations in the world, which shook the stock market and almost placed the S&P 500 in a bearish market. Then, the president arrested the strongest tariffs for 90 days and plotted some preliminary agreements with the United Kingdom and China, which caused the actions to recover. The S&P 500 returned even in the year of last week.

10 -year Treasury prices were higher for Friday’s closure, which dropped the yields to 4.51% from 4.54% on Thursday. Treasury prices and yields move in opposite directions.

Oil prices recovered 39 cents at $ 61.59 US to Barrel.

Gold prices revived $ 65.90 to $ 3.361.60.

About The Author