Markets Slip as Trump Relief Rally Fades and Iran Tensions Rise
TL;DR Summary
U.S. stocks opened lower on Friday with the Dow down about 0.3%, the S&P 500 around 0.1%, and the Nasdaq flat, ending a relief rally after Trump backed off tariffs on Greenland. Intel’s weak outlook weighed on the chip sector, while tensions with Iran kept risk appetite in check. Gold rallied toward $5,000 with Goldman Sachs forecasting about $5,400 by year-end, and the dollar eased as safe-haven demand grew and the yen strengthened.
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