India, July 11 -- After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Friday but still closed modestly lower. The major averages all moved to the downside, with the Nasdaq and the S&P 500 pulling back off Thursday's record closing highs.
The Dow slid 279.13 points or 0.6 percent to 44,371.51, the Nasdaq slipped 45.14 points or 0.2 percent to 20,585.53 and the S&P 500 fell 20.71 points or 0.3 percent to 6,259.75.
The weakness on Wall Street came amid renewed concerns about President Donald Trump's escalating trade battles.
In a letter to Canadian Prime Minister Mark Carney posted on Truth Social, Trump announced a 35 percent tariff on Canadian imports effective August 1st.
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