From NASDAQ: 2025-05-30 18:14:00

Stock indexes closed mixed on Friday, with S&P down -0.01%, Dow up +0.13%, and Nasdaq down -0.11%. Trade tensions with China weighed on sentiment. US Treasury Secretary mentioned stalled talks, causing a market dip. President Trump accused China of violating agreements, causing further pressure. Economic news showed support with personal spending and income rising.

Late Friday, stock indexes recovered on hopes of easing trade tensions with China. President Trump expressed confidence in resolving issues. Economic news was positive, with personal spending and income exceeding expectations. Core PCE price index eased, strengthening Fed’s dovish stance. US consumer sentiment was revised higher, while inflation expectations were revised lower.

US economic news shows positive signs with personal spending and income rising in April. Core PCE price index met expectations at +2.5% y/y, the lowest in over 4 years. Chicago PMI fell unexpectedly, while consumer sentiment was revised higher. Fed may keep rates unchanged for a while, with only a 5% chance of a rate cut in June.

Q1 earnings season is ending with strong results. Over 90% of S&P 500 companies beat estimates, with earnings growth at +13.1%. Full-year 2025 profit forecasts for S&P 500 are at +9.4%. Overseas markets closed lower, with Euro Stoxx 50 down -0.08% and China’s Shanghai Composite down -0.47%.

Interest rates closed higher on Friday, with 10-year T-notes up +2.5 ticks. Yields fell to a 3-week low at 4.420%. Market concerns about US-China trade tensions boosted demand for government debt. Hawkish comments from Fed President Logan impacted T-note prices. European bond yields fell, with German bund yield at 2.500%.

Stock movers included Ulta Beauty (+11%), Zscaler (+9%), and Palantir Technologies (+7%) among gainers. Marvell Technology (-5%) led chip stocks lower. Regeneron Pharmaceuticals (-19%) and Cooper Cos (-14%) were top losers. Earnings reports for June 2 include CRDO, SAIC, and CPB. Elastic NV (-12%) and Eastman Chemical (-3%) also closed lower.



Read more at NASDAQ: Stocks Settle Mixed on Trade Tensions and Positive Economic News