Stock market today: Nasdaq logs best week of 2025 as Dow, S&P 500 notch third-straight weekly gain
US stocks closed mixed on Friday with the Nasdaq 100 (
^NDX
) notching a record high close to cap a busy week of tariff hikes, inflation updates, and retail sales data, which fell short of estimates.
The S&P 500 (
^GSPC
) dropped slightly while the Nasdaq Composite (
^IXIC
) rose 0.4% to close out its best week of 2025. Both indexes gained for a third consecutive week. Meanwhile, the Dow Jones Industrial Average (
^DJI)
fell almost 0.3%, following Thursday’s
sharp gains
.
Retail sales booked their biggest monthly drop
in a year, down 0.9% in January — significantly below the 0.2% expected. The report out Friday wrapped up a week of key data, with inflation top of mind after two
hot readings
dragged on hopes for interest rate cuts.
Markets took a pause following this week’s fast-moving stream of policy shifts from President Donald Trump. These ranged from
25% tariffs on steel and aluminum
to Ukraine peace talks with Russia to a
review of CHIPS Act terms
for projects.
But stocks are still on track for solid weekly wins, having jumped on Thursday as Wall Street welcomed a
delay in implementation of reciprocal tariffs
. Meanwhile, on Friday, Trump told reporters he would unveil new tariffs against automobiles around April 2.
Among Friday’s big stock movers, Airbnb (
ABNB
) shares jumped after the travel company beat
analyst expectations
. GameStop (
GME
) shares popped amid speculation the games
retailer will move into bitcoin
. On Friday, Moderna (
MRNA
) posted a bigger-than-expected earnings loss,
sending down shares of the struggling vaccine maker
.
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