U.S. markets showed mixed performance with consumer inflation expectations improving and bond yields falling. However, concerns over potential tariffs on the EU weighed on investor sentiment. The Dow Jones fell 142.3 points while the Nasdaq rose slightly by 0.05%, reaching record highs for the fifth consecutive trading session. Over the week, the Dow decreased by 0.07%, the Nasdaq fell by 1.51%, and the S&P 500 rose by 0.59%.
President Trump signed a stablecoin bill, marking a win for the crypto industry. Economic data from the University of Michigan showed consumer sentiment at a five-month high, with inflation expectations for the next year decreasing to 4.4% from 5%. Trade tensions are expected to ramp up with new tariffs possibly being added on EU imports by up to 20%.
Major tech stocks in the NYSE FANG+ index mostly closed higher, with Meta (META) up by 0.41% and Apple (AAPL, Financial) up by 0.55%. In contrast, semiconductor stocks saw declines, with AMD (AMD) falling 2.13%.
Notably, Netflix (NFLX) dropped over 5% despite positive earnings, as investors considered the stock's high valuation. Opendoor Technologies (OPEN) surged 36.36%, driven by retail enthusiasm and positive institutional commentary, branding it a meme stock.
