Tariff threats again hit U.S. stocks, S&P stops at nine consecutive gains, during the session Netflix fell over 4%, Berkshire Hathaway dropped nearly 7%

Tariff threats hit U.S. stocks again, and the S&P 500 index's record of the longest consecutive gains in over twenty years is about to end.

After U.S. President Trump announced new tariffs, U.S. stocks opened lower on Monday.

According to Xinhua News Agency, Trump stated on the 4th that a 100% tariff will be imposed on all movies produced abroad. Industry media reported that many American film companies have gone to countries like the UK, Australia, and Canada in recent years to produce blockbusters, as Hollywood needs to reduce film costs. The imposition of tariffs on foreign-produced films may have a significant impact on the U.S. entertainment industry.

The three major U.S. stock indexes opened lower, with Netflix at one point dropping over 4% and Disney falling over 3%.

In early trading, Japanese media reported that the U.S. refused to grant Japan a complete exemption on the issue of reciprocal tariffs. The iShares MSCI Japan ETF quickly fell back, with the intraday gain narrowing from about 0.9% to less than 0.6%.

The three major U.S. stock indexes opened lower, with the Dow Jones slightly turning positive in early trading. Under the impact of the film industry tariff threat, Netflix and Disney fell at the start; Buffett will step down as CEO at the end of this year, and Berkshire Hathaway dropped significantly in early trading.

Three major U.S. stock indexes: The S&P 500 index fell over 0.9% in early trading but later narrowed its loss by more than half. The Nasdaq fell about 1% in early trading but later narrowed its loss to less than 0.6%. The Dow fell over 250 points, down more than 0.6%, but slightly turned positive after more than an hour of trading.

"Magnificent 7": In early trading, Tesla fell over 4%, Apple over 3%, and Amazon over 1%, all reporting earnings and declining for two consecutive trading days, while Nvidia fell less than 1% in early trading; Microsoft, Alphabet, and Meta slightly turned positive at the start.

Among the highly volatile stocks,

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