Markets are experiencing significant losses as President Trump has reignited tensions with the EU, threatening steep tariffs. This has triggered declines across major stock indices, with notable impacts on tech and consumer discretionary sectors, specifically affecting stocks like Apple. The market, having undergone a volatile week, suffers from renewed investor caution, reflected in falling Treasury yields and a spike in the volatility index. The S&P 500 is poised for a substantial weekly decline, while some sectors, like electric vehicles, have positive outlooks amidst the turmoil.
The markets are deepening their losses this Friday morning, with all three major stock market averages down by at least 1% right out of the gate.
President Trump's threat to impose a steep 50% tariff on the EU has reignited tensions, leading investors to brace for a negative finish to the week.
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