From Yahoo Finance: 2025-03-21 00:37:00

Stocks on Wall Street closed slightly higher Friday, ending a four-week losing streak. The S&P 500 gained 0.1% for the week, but is down 4.8% this month. Tech stocks rebounded, with Apple up 2% and Microsoft up 1.1%. Uncertainty about the economy persists due to trade wars and inflation concerns.

President Trump set an April 2 deadline for more tariffs, causing investor confusion. Companies like Nike and FedEx cited geopolitical dynamics and new tariffs for revenue declines. Homebuilder Lennar also forecasted weaker sales due to high interest rates and inflation. The Federal Reserve is holding steady on interest rates amid uncertainty.

Fed Chair Powell notes solid economy but uncertain future due to tariffs. Recent economic reports show strength in home sales and industrial production, but rising caution from consumers. Bond yields held steady, but airlines faced pressure after a fire disrupted operations at London’s Heathrow Airport. Boeing surged on news of building the Air Force’s future fighter jet.

The S&P 500 rose slightly, with the Dow and Nasdaq also posting gains. European markets fell, with the FTSE 100 and Germany’s DAX slipping. German lawmakers approved a budget to boost defense and infrastructure spending. Ongoing uncertainty and trade tensions continue to impact global markets.

Read more: Wall Street closes higher, snapping a 4-week losing streak