US EditionS&P 500, Nasdaq Drop From Previous Highs, Finish in Red
UNITED STATES, JUL 11 – Major U.S. stock indexes fell after President Trump announced raising tariffs on Canadian imports to 35%, increasing market uncertainty ahead of earnings season, the AP reported.
- U.S. stocks experienced a modest pullback on Friday as the Dow fell 279.13 points to 44,371.51 and the S&P 500 dropped 20.71 points to 6,259.75.
- The pullback followed weeks of rising markets amid uncertainty caused by President Trump's tariff threats, including a letter raising Canadian import taxes to 35%.
- Following Delta Air Lines' strong quarterly report, the airline sector saw some declines, with American dropping 5.6%, United down 4.3%, and Delta decreasing slightly by 0.2%.
- Levi Strauss shares jumped 11.3% after beating sales and profit targets and raising its full-year forecast despite expected higher costs from tariffs.
- The market's modest decline eased from all-time highs as investors anticipated the upcoming corporate earnings season amid ongoing trade tensions and volatility.
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Stocks Slip From Highs, Closing Out a Down Week
A modest pullback for US stocks Friday eased the market from all-time highs and left major stock indexes on Wall Street in the red for the week. The Dow dropped 279.13 points to 44,371.51. The S&P 500 fell 20.71 points to 6,259.75. The Nasdaq...
·Miami, United States
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The AEX remains at a significant loss after the lower opening of US markets. The hefty tariffs Trump has imposed on Canada and other countries are exacerbating trade unrest.
·Amsterdam, Netherlands
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Total News Sources14
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 29%
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