Global equity markets experienced declines amid ongoing concerns over the US deficit crisis and renewed worries about tariffs. The S&P 500 index fell 2.6% over the week, while the Dow Jones Industrial Average and Nasdaq Composite both dropped approximately 2.5%. Year-to-date, the S&P 500 has decreased by 1.3%, the Dow by 2.2%, and the Nasdaq by 3%. The Russell 2000 small-cap index has declined 8.5%, and the Roundhill Magnificent Seven ETF, heavily influenced by Apple, has fallen 6%, with Apple shares plunging 22%. European and Asian markets showed mixed performance with the DAX down around 0.1%, FTSE declining 0.1%, and Hang Seng falling 0.09%. Currency pairs such as GBP/USD and EUR/USD edged slightly lower, while USD/JPY decreased by about 0.1%. Gold prices rose modestly by approximately 0.3%, reaching around $3,368 per ounce. The market movements reflect investor apprehension about fiscal deficits and tariff-related uncertainties.