Stocks closed lower on Friday after recovering from early losses. The Dow fell 0.6%, the Nasdaq dropped 0.2%, and the S&P 500 declined 0.3%. Concerns about trade battles escalated as President Trump announced a 35% tariff on Canadian imports due to fentanyl issues. He also plans to impose blanket tariffs on most U.S. trade partners and notify the EU of new rates. Airline and biotech stocks saw losses, while gold stocks rose. In overseas trading, Asian markets were mixed, and European markets closed lower. Treasury yields rose, with the 10-year note at 4.423%. Earnings season begins next week.

Read more at Nasdaq: Renewed Trade War Concerns Contribute To Modest Pullback On Wall Street