US Stock Market Highlights: US metal surges 21% after Nippon merger approval

US Stock Market Highlights: US stocks fell on Friday as renewed alternate tensions rattled merchants, following President Donald Trump’s most modern remarks focusing on Apple and the European Union.

The Dow Jones Industrial Average shed 181 facets, or 0.4%, whereas the S&P 500 and Nasdaq Composite every dropped 0.4% and zero.7%, respectively.

Tech giant Apple observed its shares tumble over 2% after Trump declared that iPhones equipped within the United States must be manufactured domestically—or face a minimum tariff of 25%. It marked the first time the president has singled out a explicit company as a part of his escalating tariff campaign this yr.

Trump additionally signalled that alternate talks with the EU had stalled, calling for a flat 50% tariff on all EU imports from 1 June 2025.

Markets trimmed losses later within the session after experiences suggested the White House did not interpret the president’s remarks as formal policy. Nonetheless, the feedback come correct as alternate tensions had begun to ease. Following a wave of sweeping tariffs imposed in April, Trump had paused the most harsh tasks for 90 days and presented provisional offers with both China and the UK—strikes that had helped markets rebound. The S&P 500 just recently returned to flat for the yr.

This most modern fall compounds a not easy week for equities, with the S&P 500, Dow and Nasdaq all down bigger than 2%.