US stocks ended mixed on Friday, with Nvidia leading gains and Microsoft taking a hit. Treasury yields declined after US President Donald Trump unveiled reciprocal tariff plans but stopped short of imposing new ones.
The Nasdaq 100 rose 0.4% to a record high close, driven by Nvidia’s 2.6% gain. Apple moved up 1.3%, while Amazon slid 0.7%. The Dow Jones Industrial Average declined 0.37%.
Retail sales data showed the US economy contracted 0.9% in January, beating expectations of a 0.1% decline. This led to a drop in Treasury yields, with the 10-year note falling about 7 basis points.
Trump’s economics team has been tasked with devising plans for reciprocal tariffs on countries that tax US imports. However, no new tariffs will be imposed.
Airbnb surged 14% after reporting upbeat quarterly results, while DaVita plummeted 11% after projecting annual profit below estimates. Berkshire Hathaway also sold shares in the dialysis firm.
The S&P 500 edged down 0.01%, while the Nasdaq gained 0.41%. The Dow Jones Industrial Average declined 0.37%.
In other news, Applied Materials fell 8% after forecasting second-quarter revenue below estimates. Stocks received a boost earlier this week after data showed US producer prices increased in January.
Traders are pricing in at least one 25 basis-point interest rate cut by the end of the year, with a roughly 50% chance of an additional cut.
Source: https://www.reuters.com/markets/us/futures-stall-markets-await-tariff-details-2025-02-14