Market

US Stock Markets Edge Higher Amid Trump-Fed Tensions and EU Trade Deal Speculation

US Stock Markets Show Mixed Opening

On Friday, major US stock market indexes opened mostly higher, capturing investor attention amidst the ongoing tension between President Donald Trump and Federal Reserve Chair Jerome Powell. The market's focus was also split by the United States' numerous trade negotiations.

Trump Comments on EU Trade Deal

Adding to the day's financial narrative, President Trump mentioned a 50% chance of the US finalizing a tariff deal with the European Union, a statement that stirred further market speculation.

Market Performance Highlights

The Dow Jones Industrial Average saw a modest increase of 0.18%, buoyed by Nike Inc.'s 2.20% rise. Similarly, the S&P 500 edged up by 0.14%, with Deckers Outdoor Corporation making a significant leap of 17.21%. In contrast, the Nasdaq 100 remained unchanged.

Currency Movements

In currency markets, the euro experienced a slight decline of 0.21% against the dollar, trading at $1.17232 by 9:29 am ET.