U.S. Stocks Diverge on Mixed Earnings and Economic Data
Key Market Indicators
| Index | Movement |
|---|---|
| S&P 500 (^GSPC) | Edged below the flatline |
| Nasdaq Composite (^IXIC) | Up 0.2% |
| Dow Jones Industrial Average (^DJI) | Down 0.5% |
Market News
* UnitedHealth (UNH) shares dragged down the Dow after a report of a Justice Department probe into its Medicare billing practices.
* The S&P 500 and Nasdaq are on track for weekly gains, while the Dow faces a loss.
* The market digested a mixed bag of economic data, including manufacturing and services PMIs, and University of Michigan consumer sentiment.
* Energy drink company Celsius Holdings (CELH) soared over 30% after announcing its acquisition of Alani Nutrition for $1.8 billion.
Impact of Trump Tariffs
President Trump's tariffs continue to impact businesses and consumers. Walmart cited tariff uncertainty as a factor in its lowered 2025 outlook, leading to a market downturn.
Market Sentiment
The major indexes diverged on Friday, with the S&P 500 and Nasdaq showing resilience while the Dow lagged. Investors remain cautious amid concerns over Trump policies and trade tensions.
Earnings and Economic Releases
* Nvidia's earnings next week are less market-moving than in previous years due to a shift in market contributors.
* Economic data releases include manufacturing and services PMIs, and consumer sentiment.
* No notable earnings releases are expected on Friday.