The US equity index was muted Friday after investors made more clarity about President Donald Trump’s mutual tariff plans after economic data mixed in.
On Thursday, Trump said his economics team would devise a plan for mutual tariffs on all countries that tax US imports, but the directive stopped imposing fresh tariffs.
At 9:40am ET, the Dow Jones industrial average was unchanged at 44,711.17. The S&P 500 scored 4.61 points (0.08%) at 6,119.68, with 4.47 points (0.02%) at Nasdaq composite inch to 19,950.12.
US retail sales fell 0.9% from the previous month in January. Fall is bigger than expected as cold weather has crimped consumer activity alongside California wildfires.
In January, industrial production rose 0.5% and estimates rose as aircraft production continued to rebound after a strike at aviation giant Boeing.
In the bond market, the 10-year Treasury yield fell to 4.47% from 4.54% on Thursday.
The winner and the loser
Chip Giant Nvidia’s shares added 1.4%.
Airbnb shares rose 12.3% after Vacation Home Rentals Company posted higher quarterly revenue.
Applied Materials Stock fell 6% despite reporting strong quarterly profits.
Davita fell 14.7% after dialysis companies projected annual profits than estimated.
