Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
At a White House event, President Donald Trump said there would be flexibility on the upcoming tariffs, easing investor concerns that their planned implementation on April 2 could trigger major disruptions.
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The news helped improve risk sentiment in equities, while gold is having its worst session since late February, down 1% as traders scale back positions in safe-haven assets.
The U.S. dollar reversed course to notch weekly gains after two consecutive weeks of losses. Among mega-cap stocks, Boeing Co. (NYSE:BA) and Tesla Inc. (NASDAQ:TSLA) led the way, climbing 4.9% and 4.2%, respectively.
Boeing, up 11% for the week, is on track for its strongest weekly performance since July 2023 after securing a multibillion-dollar contract to design and build a next-generation fighter jet for the U.S. Air Force--beating out rival Lockheed Martin Corp. (NYSE:LMT), which fell 6%.
Bitcoin (CRYPTO: BTC) dipped 0.4% to below $84,000 but is still holding onto weekly gains.
Friday’s Performance In Major US Indices, ETFs
| Major Indices | Price | 1-day % |
| Dow Jones | 41,851.01 | -0.2% |
| Nasdaq 100 | 19,623.24 | -0.3% |
| S&P 500 | 5,637.84 | -0.4% |
| Russell 2000 | 2,056.35 | -0.6% |
According to Benzinga Pro data:
- The SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.7% to $561.86.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) fell 0.4% to $418.47.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) was down 0.2% to $478.28.
- The iShares Russell 2000 ETF (NYSE:IWM) fell 0.6% to $203.82
- The Communication Select Sector SPDR Fund (NYSE:XLC) outperformed, up 0.4%; the Materials Select Sector SPDR Fund (NYSE:XLB) was the worst sector performer, down 1.5%.
Friday’s Stock Movers
- FedEx Corp. (NYSE:FDX) tumbled 7.9% in reaction to quarterly earnings, eyeing the worst day since September.
- Other stocks reacting to earnings included Carnival Corp. (NYSE:CCL), up 0.3%, NIO Inc. (NYSE:NIO), down 3%, Micron Technology Inc. (NASDAQ:MU), down 7.9%, Nike Inc. (NYSE:NKE), down 4.5%, Lennar Corp. (NYSE:LEN), down 4%.
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