US Stock Market Highlights: US stocks ended in the red on Friday (July 11), reversing gains from the previous session, after President Donald Trump imposed a 35% tariff on Canadian imports and warned of broader duties if retaliation followed. The Dow Jones Industrial Average dropped 279.13 points, or 0.63%, to close at 44,371.51. The S&P 500 fell 0.33% to 6,259.75, while the Nasdaq Composite slipped 0.22% to end at 20,585.53.
US Stock Market Highlights: US stocks ended in the red on Friday (July 11), reversing gains from the previous session, after President Donald Trump imposed a 35% tariff on Canadian imports and warned of broader duties if retaliation followed. The Dow Jones Industrial Average dropped 279.13 points, or 0.63%, to close at 44,371.51. The S&P 500 fell 0.33% to 6,259.75, while the Nasdaq Composite slipped 0.22% to end at 20,585.53. The S&P 500 also posted a weekly loss. Trump linked the tariff move to Canada’s role in the flow of fentanyl into the U.S., warning the duties could rise further if Canada responds with countermeasures. “If Canada works with me to stop the flow of fentanyl, we will, perhaps, consider an adjustment to this letter,” Trump stated in a post on Truth Social.
Watch this space for all the live updates.
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