USA: Stocks Slip as Trump Tariff Threats Weigh on Markets.

Stocks in the US pulled back on Friday after hitting record highs a day earlier, as President Trump escalated trade tensions with a 35% tariff on Canadian imports and floated broader tariff hikes of up to 20% on other trading partners. The S&P 500 slipped 0.3%, the Dow dropped 250 points, or 0.6%, while the Nasdaq 100 was down 0.2%, ending a strong streak driven by investor optimism. Trump's letter to Canada raised concerns and warned of further action if retaliation followed, while he also hinted at similar measures targeting the EU is expected shortly. Most sectors were in the red, with health and financials leading the losses, while energy and consumer discretionary were higher. Megacaps were mixed, with Apple (-0.6%), Meta (-1.4%), Broadcom (-0.8%), Alphabet (+1.5%) trading lower, while Microsoft (+0.4%), Tesla (+0.1%), Nvidia (+1%) and Amazon (+1.4%) were higher. For the week, the S&P 500 and Nasdaq were down 0.5% and 0.2%, respectively, while the Dow slipped 1.1%.