US stock markets lower to end the week as Trump picks a fight with the EU

Closing changes on the day:

• S&P 500 -0.7%
• Nasdaq Comp -1.0%
• DJIA -0.6%
• Russell 2000 -0.3%
• Toronto TSX Comp +0.1%

On the week:

• S&P 500 -2.6%
• Nasdaq -2.5%
• DJIA -2.5%
• TSX -0.4%
• Russell -3.5%

For a week that began with a US debt downgrade and ended with a fresh trade war with the EU, a 2.6% decline is a surprisingly good result. US equities opened much lower on Friday but steadily recovered until some last-minute selling.

This article was written by Adam Button at www.forexlive.com.