On Friday, Wall Street’s major indices closed with mixed results. The Nasdaq 100 rose by 0.4%, achieving a record-high close, driven by a 2.6% increase in Nvidia’s shares and a 1.3% rise in Apple’s stock. Conversely, Microsoft experienced a 0.5% decline, and Amazon slid by 0.7%.
The bond market saw Treasury yields decline for the second consecutive day after data revealed a 0.9% drop in U.S. retail sales for January, surpassing expectations.
The 10-year Treasury note yield decreased by approximately 7 basis points, settling at 4.44%.
President Donald Trump’s recent directive to develop reciprocal tariffs on countries taxing U.S. imports has introduced uncertainty into the markets. Commerce Secretary nominee Howard Lutnick mentioned that the administration plans to address affected nations individually, with studies expected to conclude by April 1.
The S&P 500 saw a marginal decrease of 0.01%, ending at 6,114.63 points. The Dow Jones Industrial Average declined by 0.37% to 44,546.08 points, while the Nasdaq gained 0.41%, closing at 20,026.77 points.
Among the 11 S&P 500 sectors, consumer staples and healthcare experienced the most significant losses, declining by 1.16% and 1.11%, respectively.