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U.S. stocks dip after back-to-back record closes and as Trump targets Canada

2025-07-11 14:34:29

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Wall Street's major averages were lower on Friday as President Donald Trump slapped a 35% tariff on Canada and warned of further hikes if Ottawa retaliated. Market participants also took a bit of a breather after back-to-back record closes for the benchmark S&P 500 index ( SP500 ). The S&P ( SP500 ) was last -0.3% in morning trade, the tech-heavy Nasdaq Composite ( COMP:IND ) was about flat, and the blue-chip Dow Jones ( DJI ) was -0.5% . Trump announced on Thursday a 35% tariff on Canada and wa...

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