By Chibuike Oguh
New York (Reuters) – The New York Stock Exchange ended up on Friday, ending the week in the red, after the threats of Donald Trump to inflict additional customs duties on American imports from the European Union and on Apple products made outside the United States.
The Dow Jones index sold 0.61%, or 256.02 points, to 41.603.07 points. The larger Standard & Poor’s 500 lost 39.19 points, or 0.67% to 5,802.82 points. The Nasdaq Composite fell on its side of 188.53 points, or 1.00% to 18,737.207 points.
Over the week, the Dow and the Nasdaq both lost 2.47% and the S&P-500 2.61%.
Donald Trump has brandished new threats to customs duties on Friday by targeting the European Union, targeted by a surcharge of 50% on its products exported to the United States from June 1, and on Apple and its iPhone manufactured abroad. In a message on his Truth Social network, the American president deplored that commercial negotiations are “very difficult” with Europeans.
Apple touched a hollow of two weeks and finished the 3%withdrawal session.
Other large capitalizations have lost more than 1% like Amazon, Nvidia and Meta Platformms.
(Written by Chibuike Oguh in New York, with Shashwat Chauhan and Kanchana Chakravarty in Bengaluru, Bertrand Boucey)
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