Stocks dropped on Friday as investors reacted to Trump's latest tariff threats concerning Apple and the European Union.
US stocks fell ahead of the Memorial Day holiday, with major indexes like the S&P 500, Dow Jones, and Nasdaq Composite all declining.
Trump warned Apple of a 25% tariff if iPhones are not made in the US and suggested a 50% tariff on the European Union starting June 1.
The US dollar index decreased by 0.5% while bond yields were stable, and investors are closely monitoring trade negotiations and the potential impact on the market.