U.S. markets closed mostly flat Friday, capping a third winning week out of four.
Wall Street closed the week with little fanfare on Friday, ending its third winning week in the last four. The S&P 500 inched down by less than 0.1% after reaching an all-time high on Thursday. The Dow Jones Industrial Average shed 142 points, or 0.3%, while the Nasdaq composite rose slightly to post its own record.
Railway stocks drew attention as Norfolk Southern jumped 2.5% following reports it’s in merger talks with Union Pacific to form North America's largest railroad. However, Union Pacific fell 1.2% amid concerns about regulatory hurdles.
Netflix was among the biggest drags, sliding 5.1% despite beating profit expectations. Analysts attributed the drop to its already strong year-to-date gains. American Express also fell 2.3% after reporting slowing growth in new card issuances, despite beating forecasts. Exxon Mobil lost 3.5% after a Paris arbitration ruling allowed Chevron’s $53 billion deal to acquire Hess to proceed. Chevron ended down 0.9%.
On the positive side, strong quarterly results lifted several financial stocks. Regions Financial surged 6.1%, Comerica rose 4.6%, and Charles Schwab gained 2.9%.
By the closing bell, the S&P 500 had dipped 0.57 points to 6,296.79. The Dow dropped 142.30 to 44,342.19, while the Nasdaq added 10.01 to finish at 20,895.66.
Bond yields eased slightly as U.S. consumer inflation expectations fell. A University of Michigan survey showed Americans now expect 4.4% inflation over the next year, down from last month’s 5%.
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U.S. President Donald Trump said he would love for Federal Reserve Chair Jerome Powell to resign but acknowledged that many have said it would disrupt the markets if the president were to remove him. Trump made the comments in an interview with the Real America's Voice network aired on Wednesday.
On Monday, Wall Street stocks closed with modest gains as investors largely shrugged off U.S. President Donald Trump’s latest tariff threats, focusing instead on an eventful week ahead with key economic reports and the start of earnings season.
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
As some top global banks scale back climate efforts, India is moving forward with mandatory rules for lenders to report and manage climate-related financial risks.
The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
Iran has developed an investment plan aimed at attracting funding to expand its caviar production to more than 140 metric tons in the near future, - stated Nasser Karami-Rad, a senior official of the Iran Fisheries Organization.
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