File photo: A man walks past a Wall Street that marks outside the New York Stock Exchange (NYSE) building in New York City, US | Photocredit: Shannon Stapleton
The US shares fell on Friday, in which a weekly loss was chosen, after President Donald Trump had recommended 50 percent rates for European goods, a new front in global trade tensions reopened and a new wave of market insecurity unleashed.
All three most important Wall Street -indexes parried early losses, but each ended lower and throw more than 2 percent for the week. Technology, communication services and discretionary shares Consumers were the biggest losers of the 11 subsectors of the S&P 500. Utility companies, staples for consumers and energy stocks won.
Apple touched a low point of two weeks and ended with 3 percent after Trump had warned the iPhone maker, it could be confronted with potential 25 percent rates on telephones that are sold to American customers, but not manufactured in the country.
Treasury yields were demolished from lake heights and 4.4 basic points fell to 4.509 percent for the Benchmark US 10-year note.
“If I put a heading about today’s story, it would be” here we’ll go again! “Said James St. Aubin, Chief Investment Officer at Ocean Park Asset Management in Santa Monica, California.
“This is Trump who kills the temperature in the tariff interview with the EU and Apple. The markets hoped that the worst was behind us when it comes to tariff rhetoric. But in reality there are still a smoldering sintels when it comes to the tariff interview,” added St. Aubin.
The industrial average of Dow Jones fell 256.02 points, or 0.61%, to 41,603.07, the S&P 500 lost 39.19 points, or 0.67%, to 5,802.82 and the Nasdaq composite lost 188.53 points or 1.00%, to 18,737.21.
For the week the DOW lost 2.47%, the S&P 500 fell by 2.61%and the Nasdaq stuck 2.48%.
The US Finance Minister Scott Bessent said that Trump did not believe that EU trade offers were of sufficient quality. He also said that he hoped that the threat of new rates in the negotiations would light “a fire under the EU”.
Most megacap and growth shares fell, including Amazon, Nvidia and Meta platforms- all of which lost more than 1%. Tesla ended 0.5%.
The CBOE Volatility Index, the “fear meter” of Wall Street, hit a high more than two weeks and ended with 10%. The shares of semiconductors fell 1.5%.
Deckers Outside fell nearly 20% behind the maker of UGG Boots predict the net turnover of the first quarter under estimates and said that it would not offer annual goals because of macroeconomic uncertainty guided by rate. Sports clothing maker Nike fell by 2.1%.
The volume at American scholarships was 17.67 billion shares, compared to the average of 17.73 billion for the entire session during the last 20 trading days.
Published on May 24, 2025
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