The tit-for-tat tariffs being traded between the U.S. and China heavily weighed on investor sentiment.
In Europe, the Stoxx Europe 600 Index fell 0.4 per cent, paring a weekly gain to 1.1 per cent, while The MSCI All-Country World Index fell 1.2 per cent.
Bob Smith, president and chief investment officer at Sage Advisory Services Ltd Co in Austin, Texas, said the markets were going to react adversely to Trump's latest statement. The Dow dropped 2.3 percent Friday and is down 0.7 percent for the week.
The return of market volatility, fears of a trade war and the recent underperformance of some of the major indices' largest components have been a drag on stocks overall.
The Dow fell more than 500 points on Friday, a drop of more than 2%, after President Trump threatened to escalate a confrontation with China over trade.
If the 200 day moving average lines and support breaks at each (2), the descending triangles suggest that the Dow and S&P end up falling an additional 10%.
US President Trump said he is considering tariffs on an additional 100 billion dollars-worth of Chinese imports, and China has warned that it is ready to retaliate.
Raikkonen tops Bahrain Grand Prix practice Heading into Turn 2, he slid sideways off and thudded into the crash barriers, the left front wheel of his auto mangled. Both managed to take roughly two-tenths off their soft tyre runs when they swapped to the red-marked tyres.
Why Oil Prices Just Rallied To $70 However, soaring USA crude production, which has jumped by a quarter since mid-2016, threatens to undermine Opec's efforts. The United States late past year overtook top exporter Saudi Arabia as the world's second biggest crude producer.
In a radio interview Friday morning, Trump said, "I'm not saying there won't be a little pain, but the market has gone up 40 percent, 42 percent, so we might lose a little bit of it".
"We're going to need brand new, bad news on trade for the equity markets to push lower". Only two of the most active US stocks premarket were higher.
Mnuchin said that a stock market correction was normal after such a long stretch of rising prices.
The Dow average, which contains numerous multinational companies including industrial powerhouses Boeing and Caterpillar, swung dramatically this week, with nearly 1,300 points separating its lowest point Monday afternoon from its high late Thursday. Caterpillar fell 3.5 percent. But even though investors are optimistic about the state of the global economy and company profits continue to grow, Nixon said the administration is creating the thing investors hate the most: uncertainty.
Over the course of the day 9,408 shares traded hands, as compared to an average volume of 3,770 over the last 30 days for Horizons S&P 500 Covered Call ETF (NYSEARCA:HSPX).
The yield on the 10-year US Treasury note, which has been steadily climbing as investors' inflation expectations rise, dipped slightly to 2.78% after the jobs report.
Huge Name Spotted In New Orleans Ahead Of WrestleMania 34
I would be real surprised if they swapped both top titles, and I'm just not sure Shinsuke Nakamura can carry the top title yet. Basically all of you agree Undertaker will show up - either as The Deadman or The American Badass - and take down Cena.
Record-setter Nadal roars back, Italy hold France
France will host the winners of the tie between Spain and Germany, from 14-16 September, for a place in the Davis Cup final. The French came out on top in a dramatic match earlier in the day when Lucas Pouille defeated Andreas Seppi in five sets.
Sebastian Vettel wins the Bahrain Grand Prix
During a routine pit stop, Raikkonen's auto was released too early and hit one of the team's mechanics as he accelerated away. Raikkonen left the Ferrari pit box after being given a green light - but one of his tyres was not put on correctly.
CWG: Indian cyclists disappoint in men's sprint
The Tall Blacks lost what should be a gold medal preview game, going down 79-73 to Australia in the men's basketball group game. On Thursday, Mirabai Chanu (48kg ) won a gold medal in the women's competition and P.
One killed in Trump Tower fire, USA president reacts
Firefighters reported smoke throughout tower and inspected Trump's residence but did not say if it was damaged. According to ABC 7, New York's ABC affiliate, investigators are working to determine the cause of the fire.
Charter bus en route to Augusta crashes, several injured
He said passengers told authorities the bus had drifted off the edge of the road twice before it veered a third time and crashed. According to NBC affiliate WAGT in Augusta , Georgia the accident happened near mile marker 185 in Columbia County, Georgia.