New tariff threats sink Wall Street, TSX flat

The week ended with Trump threatening the E.U. with 50% tariffs and Apple with 25% for not building its iPhones in the U.S. Though closing higher than the weakest parts of the session, the S&P still ended Friday -0.67%, the Nasdaq -1% and the Dow -0.61%. All indices lost around 2.5% for the week.

Apple sank 3.02% though the Wall Street consensus is that Apple cannot afford to shift production stateside. Elsewhere, Intel closed -2.43%, Intuit 8.12%, Deckers -19.86% and Workday -12.52%. Bitcoin sank 2.3% to US$108,530 while the U.S. 10-year yield remained at 4.5%.

The TSX added 25 points on Friday and shed a handful of points for the week. Only four sectors rose, led by materials, while tech led the laggards. Major movers: Whitecap Resources 2.83%, Denison Mines 11.59%, Cameco 10.04% after Trump signed orders to boost U.S. nuclear energy, BlackBerry -3.18% and Shopify -2.57%. Gold added US$64 to US$3,359 while WTI climbed half a dollar to US$61.70.

🍎 Apple Inc (AAPL-Q) -3.02%

💾 Intel (INTC-Q) -2.43%

💾 Intuit Inc. (INTU-Q) +8.12%

👟 Deckers Outdoor Corp. (DECK-N) -19.86%

📃 Workday (WDAY-Q) -12.52%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -2.3%

🛢 Whitecap Resources (WCP-T) +2.83%

⛏ Denison Mines Corp (DML-T) +11.59%

⛏ Cameco Corporation (CCO-T) +10.04%

📱 BlackBerry (BB-T) -3.18%

🛍 Shopify Inc. (SHOP-T) -2.57%