US Markets Closed the Week in Red

US markets ended the day in red on Friday, 23^rd May, 2025. Nasdaq ended the day, down by 188.53 points or 1%. Dow Jones ended the day, down by 256.02 points or 0.61%. S&P 500 ended the day, down by 39.19 points or 0.67%.

50% tariffs on imports from EU deferred

US markets fell on Friday after US President Donald Trump said that 50% tariff on imports from European Union would be imposed from June 1^st. Yesterday, however, the US President deferred this increase to July 9^th. After this deferral, futures on Dow Jones index jumped.

Asian markets have opened the day on a mixed note

Asian markets have opened the day on a mixed note today. At 8:40 a.m. Indian standard time (IST) Nikkei 225 is up by 168.75 points or 0.45%. Hang Seng is down by 216.63 points or 0.92%. Shanghai composite is up by 0.93 points or 0.028%. South Korean Kospi is up by 35.07 points or 1.35%. SGX is down by 0.070 points or 0.51%.

Indian markets ended the day in green on Friday, 23^rd May, 2025. Nifty 50 closed the day, up by 243.45 points or 0.99%. Sensex closed the day, up by 769.09 points or 0.95%. Top gainers at Nifty 50 on Friday were Eternal, HDFC Life and Jio Financial services. Top losers at Nifty 50 were Sun Pharma, Grasim and Bharti Airtel.

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Source: https://www.dowjones.com