US stocks remained stable despite uncertainty over the next Fed chair, with the Nasdaq and S&P 500 little changed. The Dow Jones declined slightly, but all three major averages lost less than 1% for the week. The Russell 2000 hit a record high, up 8% year-to-date.

Stocks turned negative as President Trump expressed reluctance to name Kevin Hassett as the next Fed chair. The tech-heavy Nasdaq dropped, and all major averages lost gains. Trump’s comments fueled speculation on the Fed’s future stance, impacting market sentiment.

Wall Street faced a tumultuous week with Iran tensions, Greenland dispute, and a Fed independence probe. Trump’s remarks hinted at a potential Fed chair change, impacting market dynamics. Investors have a long weekend to digest events as markets are closed on Martin Luther King Jr. Day.

TSMC and Nvidia saw gains after a US-Taiwan trade deal promising a $250 billion boost. Regional banks like PNC and Regions Financial rose post-strong earnings. Silver prices fell, but still gained over 15% for the week. Small-cap stocks surged.

Stocks climbed at the open, reversing losses for the week. However, gains were modest, with major indexes set for mixed results. Homebuilder sentiment fell unexpectedly, signaling housing market cooling due to affordability concerns.

PNC Financial saw earnings beat revenue estimates, with stock rising. State Street reported solid trends but missed earnings, sending shares lower. China’s windfall seeped into global markets, and Spotify plans a price hike for increased revenue.

Canada and China agreed to cut tariffs on canola and EVs, signaling trade thaw. Nvidia’s struggles in China threaten its competitive edge. Treasury yields remain stable, causing investor anxiety over potential selloffs. Markets await further developments.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq slip, chip stocks rise as Wall Street ends volatile week lower