By Christmas Randewich and Pranav Kashyap

(Reuters) – The New York Stock Exchange ended down Friday after the announcement of an intensification of the trade war launched by Donald Trump against Canada, which accentuates uncertainty surrounding American trade policy.

The Dow Jones index sold 0.63%, or 279.13 points, to 44,371.51 points. The larger Standard & Poor’s 500 lost 20.71 points, or 0.33% to 6,259.75 points. The Nasdaq Composite fell on its side of 45.14 points, or 0.22% to 20,585,527 points.

On Thursday, US President Donald Trump said the United States would impose customs duties of 35% on imports from Canada next month. In all, 22 countries were notified this week of customs duties ranging from 20 to 50%, from July 9 as initially planned but from early August.

The S&P 500 moved away from its day before Friday, prudence prevailing after Donald Trump imposed customs duties of 50% on Brazil on Thursday and while the European Union (EU) was preparing to receive a possible letter from the American president containing details on new customs rights.

“The growing rhetoric around customs duties, which we have seen this week concerning Brazil and Canada, clearly increases the level of anxiety,” said Michael James, a shares at Rosenblatt Securities.

“People were a little used to the absence of large negative titles on customs duties, and we were somehow reminded that the subject was still relevant.”

Investors will soon turn to the second quarter results season, focusing on the impact of customs duties on large American companies.

Analysts expect on average that the companies in the S&P 500 saw their profits increase by 5.7% in the second quarter, with significant gains from the technology and energy drops in energy, basic consumption and discretionary consumption, according to LSEG I/B/E/S.

“We believe that expectations are a bit low for the results of the S&P 500. The majority of the second quarter was marked by problems with customs and trade rights, which has caused disruption in profits,” said Michael Landsberg, director of investments at Landsberg Bennett Private Wealth Management.

NVIDIA’s shares recorded a record for session on Friday and finished up 0.50%. Those of the manufacturers of Aerovironment (+11%) and Kratos Defense & Security Solutions (+11.76%) drone manufacturers at the same time jumped after the US Secretary for Defense Pete Hegseth ordered an increase in the production and deployment of drones.

Levi Strauss & Co has also increased sharply, by 11.25%, after having noted his income forecasts and annual profits and having defeated quarterly expectations.

Meta Platforms, for its part, ended down 1.34% after Reuters reported that it was very unlikely that the company offers other changes to its payment or consent model, thus increasing the risk of new accusations of anti -competitive practices and fines from the EU.

Kraft Heinz increased by 2.53% following information from the Wall Street Journal that the company is preparing to split in two while it is confronted with a persistent weakness of demand for its most expensive marks.

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( Benjamin Mallet)

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