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HomeMarket NewsUS Stock Market LIVE Updates: Dow Jones falls more than 200 points as Trump says China has ‘totally violated’ preliminary trade agreement
US Stock Market LIVE Updates: Wall Street is drifting toward the end of its winning week and month on Friday (May 30) following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs. The S&P 500 was down 0.1% in midday trading. The Dow Jones Industrial Average was up 10 points, or less than 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.3% lower. Gap weighed on the market even though the retailer reported stronger profit and revenue for the latest quarter than analysts expected.
US Stock Market LIVE Updates: Wall Street is drifting toward the end of its winning week and month on Friday (May 30) following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs. The S&P 500 was down 0.1% in midday trading. The Dow Jones Industrial Average was up 10 points, or less than 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.3% lower. Gap weighed on the market even though the retailer reported stronger profit and revenue for the latest quarter than analysts expected. The company behind Banana Republic and Old Navy fell 19.6% after saying tariffs on imports from China and other countries could add up to $300 million to its costs this fiscal year. It has strategies set to mitigate up to half of that before it hits its profits.
Watch this space for all the Live updates.
