US Stocks End Week’s Last Session Lower Following Tariffs Threat

New York: The three major US stock indexes ended the last trading session of the week lower. Threats from Washington of imposing a 50% tariff on EU products starting June spooked investors. The Dow Jones Industrial Average fell 256.02 points, or 0.61 percent, to 41,603.07. The S and P 500 index also lost about 39.19 points, or 0.67 percent, to 5,802.82 points. Meanwhile, the Nasdaq Composite Index fell by 188.53 points, or 1 percent, to 18,737.21 points. According to Qatar News Agency, the announcement of potential tariffs by Washington has caused uncertainty in the market, leading investors to reassess their positions. The proposed tariffs are part of ongoing trade tensions, and the market reaction reflects concerns over the potential impact on global trade and economic growth. The decline across all major indexes suggests a broad-based reaction among investors, with many seeking to mitigate potential risks associated with the tariffs. The market's response underscores the sensitivity of stock prices to ge opolitical developments and policy announcements.