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US stocks snapped a four-week winning streak on Friday, with the S&P 500 holding back some of their previous losses caused by gusts of corporate earnings strength.
The S&P rose 0.1% on Friday, up 0.5% over the week. The high-tech Nasdaq composite rose on Friday at a similar margin.
Despite a pessimistic round of income, the rise occurred. FedEx stocks slid 6.5% after the logistics group lowered its revenue forecast, denounced “weakness and uncertainty in the US industrial economy.”
Nike fell 5.5% after warning that sales were expected to decline, citing tariffs and reduced consumer confidence. Renard’s stock fell 4% after America’s second-largest home builder, combined with a sluggish consumer trust and a limited supply of affordable supplies, warned that it “makes more and more difficult for consumers to access homeownership.”
Concerns from US President Donald Trump’s aggressive tariff policy and previous high-profile sales in the technology sector have shaken up the shares in recent weeks.
It turns out that the Federal Reserve rebounded early in the week after holding interest rates, but it turns out it has shown no clear opening to cuts later in the year.
“The market is increasingly focusing on the fear of growth caused by Trump’s policies,” said Manish Cabra, head of Societe Generale’s US equity strategy. “Customers and [Department of Government Efficiency cuts] It increases uncertainty,” he added.
The US president’s tariff announcement is “more aggressive and more confusing than expected,” said analysts at Bank of America, led by Claudio Irigoen, but Doge Cut will strain government and consumer spending as a result of rising layoffs.
This week, BOFA has reduced its first half US GDP forecast to 1.5% from 2.4% and raised its “core” inflation target to remove volatile foods and energy prices for the second half of 2025.
A Goldman Sachs survey of 150 investors released Thursday showed that 90% had lowered their 2025 GDP forecast from early December.
Three in five investors said tariffs were “the biggest policy risk for the economy” this year.
In Europe, the Stoxx Europe 600 closed 0.6% lower, resulting in a decline in stocks.
