U.S. equities finally blinked after Thursday’s euphoric records. The S&P 500 slipped 0.3 % to 6,259.75, the Dow tumbled 279 points to 44,371.51 (-0.6 %), and the Nasdaq eased 0.2 % to 20,585.53, while the Russell 2000 led decliners at -1.3 %. Levi Strauss bucked the mood, jumping 11 % on blow-out earnings. AP News
North of the border, the S&P/TSX Composite nudged down 59 points to 27,023.25 (-0.22 %) as tech names sagged and traders digested President Trump’s shock 35 % tariff threat on Canadian goods. ReutersYahoo Finance
Currency markets echoed the risk-off vibe: the U.S. Dollar Index firmed to 97.82, pushing USD/CAD toward 1.37 and sending gold higher. The Wall Street Journal
In this 12-minute recap Kanwar and Simran unpack:
Sector winners & laggards (energy held up, small-caps sank)
Why tariffs, jobs data, and inflation jitters rattled sentiment
The Canadian angle — BoC cut odds trimmed, loonie under fire
Monday’s playbook: JPMorgan kicks off bank-earnings season; U.S. CPI lands Wednesday
Meme of the day: a maple-leaf–wrapped “Greenback Hulk” smashing through tariff headlines
Stay till the end for Kanwar’s three-point game plan and Simran’s options-flow nugget. Hit follow on Spotify, YouTube, and X (@ThetaFuse) so you never miss a Closing-Bell flash.
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