The post Wall Street fell Friday, with the Dow down 297 points and the S&P 500 slipping 0.3% appeared on BitcoinEthereumNews.com.

Wall Street gave up gains Friday after President Donald Trump hit Canada with a fresh 35% tariff and promised more across the board. This came just a day after the S&P 500 set a brand new all-time high. The Dow Jones Industrial Average dropped by 297 points, or 0.7%. The S&P fell by 0.3%, and the Nasdaq Composite ticked down by 0.2%. “If Canada works with me to stop the flow of fentanyl, we will, perhaps, consider an adjustment to this letter,” Trump wrote in a post on Truth Social, referring to the new tariff hike. Later in the day, in an interview with NBC News, he confirmed plans for blanket tariffs of 15% to 20% on all other countries not yet targeted, calling the tariffs “very well-received” and pointing to the market’s earlier high as proof. Trump hits Canada, investors watch the EU next Thursday had been a good day for stocks. The S&P 500 rose 0.3% and the Nasdaq added 0.1% despite an announcement that the US would slap a 50% tariff on imported copper, as well as another 50% on goods from Brazil. Traders had shrugged off the impact, but Friday brought a sharp turnaround. The Dow was headed for a 1% loss on the week, and the S&P was down 0.2%. Only the Nasdaq managed to stay in the green. All eyes are now on what Trump will say, or do, about the European Union. Investors had expected an update this week, but there was no letter, just rumors. Whether he plans to increase tariffs or announce some kind of deal, nobody knows. What’s clear is that markets no longer take tariff noise at face value. They’re watching for action. Unlike April’s major selloff when Trump first announced his sweeping levies, this week’s escalation hasn’t caused…

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Filed under: News - @ July 11, 2025 8:22 pm