US stock markets experienced a downturn on Friday, concluding the trading day with losses across major indices. The Dow Jones Industrial Average closed at 34,372 points, representing a 0.6% decrease from the previous day’s close.
Shortly before the market’s close in New York, the broader S&P 500 registered around 6,255 points, down 0.3%. The Nasdaq 100, tracking the technology sector, stood at approximately 22,781 points, showing a 0.2% decline.
Trade policy announcements from the US President influenced market activity. The President indicated plans to implement a 35% tariff on Canadian goods through his personal media platform. Further contributing to uncertainty, remarks made during a television interview suggested a potential doubling of the current 10% tariff rate applied to most international trade partners.
The Euro weakened slightly against the US dollar, trading at $1.1688, with the dollar fetching €0.8556.
Gold prices saw a positive trend, rising to $3,356 per fine ounce (+1.0%), equivalent to €92.32 per gram.
Crude oil prices surged significantly. Brent North Sea crude futures reached $70.59 per barrel late Friday, marking a 2.8% increase compared to the closing figures from the previous trading day.