U.S. Stocks Decline After President’s Social Media Post

New york: Major U.S. stock indexes experienced a decline on Friday following a post by U.S. President Trump on Truth Social. The President indicated that he might cancel an upcoming meeting with Chinese President Xi Jinping and was contemplating a "massive increase in tariffs" on products from China. According to Yemen News Agency, the Dow Jones Industrial Average fell by 878 points, closing at 45,479, which represents a 1.90 percent decline. The Nasdaq, known for its technology stocks, decreased by 820 points to 22,204, marking a 3.56 percent decline. Additionally, the Standard and Poor's 500 Index saw a decline of 182 points, ending at 6,552, which is a 2.70 percent decrease. The President's post has raised concerns among investors about potential escalations in trade tensions between the U.S. and China.