Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
At a White House event, President Donald Trump said there would be flexibility on the upcoming tariffs, easing investor concerns that their planned implementation on April 2 could trigger major disruptions.
Read also: ‘Monster Equity Inflows Say No One Really Believes Trade War,’ Bank Of America’s Hartnett Says
The news helped improve risk sentiment in equities, while gold is having its worst session since late February, down 1% as traders scale back positions in safe-haven assets.
The U.S. dollar reversed course to notch weekly gains after two consecutive weeks of losses. Among mega-cap stocks, Boeing Co. (NYSE:BA) and Tesla Inc. (NASDAQ:TSLA) led the way, climbing 4.9% and 4.2%, respectively.
Boeing, up 11% for the week, is on track for its strongest weekly performance since July 2023 after securing a multibillion-dollar contract to design and build a next-generation fighter jet for the U.S. Air Force—beating out rival Lockheed Martin Corp. (NYSE:LMT), which fell 6%.
Bitcoin (CRYPTO: BTC) dipped 0.4% to below $84,000 but is still holding onto weekly gains.
Friday’s Performance In Major US Indices, ETFs
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Friday’s Stock Movers
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