Highlights
Stocks edged down Friday on consolidative pressures after the major averages set record highs this week. The Dow Jones industrial average dipped 0.6 percent, the S&P 500 eased 0.3 percent and the Nasdaq was down 0.2 percent. US Treasury yields and the dollar rose and oil prices surged.
Sentiment appeared dented somewhat by President Trump's latest trade announcements including his threat to raise Canada's tariffs to 35 percent and to proceed with higher tariffs on goods from the European Union.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.