The industrial indicator, Dow Jones Wall Street retreated on Friday (18.7.2025), following the report that US President Donald Trump pushed to impose higher duties on the European Union.
Dow Jones, which includes 30 shares, fell 142.30 points, or 0.32%, closing at 44,342.19 points. The S&P 500 lost 0.01% 0.01% after the record earlier the same day, finally closing at 6,296.79 points. The NASDAQ technological index rose 0.05%, closing at 20,895.66.
Trump requires a minimum duty between 15% and 20% in any EU agreement, according to the Financial Times, who cited three people informed of talks. The EU is trying to reach a trade agreement with the US before August 1, when Trump has promised to start implementing 30% duties to the Union.
Investors also looked at the latest profit reports and new US financial data.
On the profit front, Netflix fell 5% after the company announced that its operating margin in the second half of this year will be lower than the first. The 3M shares fell more than 3% after revising the company’s provision for organic sales growth, which is now expected to be 2%. Earlier, the forecast was for an increase “from 2% to 3%”. The 2% drop of American Express after announcing her profits dragged Dow down.
Despite the mixed reactions to the latest corporate exhibition, the season started dynamically. With 12% of S&P 500 companies having already announced their results, 83% have exceeded estimates. Yesterday Thursday (17.7.2025), the shares of Pepsico and United Airlines
They rose, as the respective companies exceeded analysts’ estimates for profits. These are the fixed results of big banks such as Jpmorgan and Goldman Sachs earlier this week.
Both the S&P 500 and Nasdaq made weekly profits, increasing 0.6% and 1.5% respectively. Dow was slightly lower in the week.