US Market, July 19 -- Wall Street wrapped up its third winning week in the past four with a subdued finish on Friday following reports that President Donald Trump is advocating for higher tariffs on the European Union.

The S&P 500 dipped slightly by less than 0.1% after reaching an all-time high the previous day. The Dow Jones Industrial Average dropped by 142 points, or 0.3%, while the Nasdaq composite inched up by less than 0.1%, marking its own record.

According to reports, Trump is insisting on a minimum tariff of between 15% and 20% in any agreement with the EU, as indicated by the Financial Times, citing three individuals familiar with the discussions. The EU is trying to secure a trade agreement with the U.S. ahead of Trump's dea...