The three major indexes are on pace to mark daily losses, but there’s one saving grace for the Dow.
The blue-chip index was down 0.4% to 44395 on Friday, but it’s still in a position to mark solid gains for the week. Any close above 44,357.59 would secure an over 2% weekly gain this week after last week’s 3.69% gain.
It would be the first time the index marks two consecutive weekly gains of 2% or more since July 2023.
The S&P 500 and Nasdaq are down 0.4% and 0.7%, respectively. They are also in line for weekly gains, but just not as substantial as the Dow’s.
Stocks, on a net basis, are falling as investors consider all the uncertainties related to tariffs and other goals of President Donald Trump against the backdrop of high valuations.
Today’s performance is still a blip on the radar. Markets continue to be run by a bullish fervor. Most stocks are up this year after a solid performance in 2024.