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22 March 2025 03:14  |

US Stocks Edged Higher

Major U.S. indices pared their losses to closed in the positive territory on Friday, as President Trump suggested some “flexibility” on tariffs, while several megacap stocks made a recovery.

The session was expected to be volatile due to a "quadruple witching" event, where stock options, index futures, index options, and single-stock futures all expired.

The S&P 500 edged higher by 0.1%, the Dow Jones added 31 points, and the Nasdaq gained 0.5%. While Trump mentioned "flexibility" in his tariff stance, he also emphasized that tariffs would be reciprocal, with countries imposing charges on the U.S. facing similar measures in return.

However, market pressure persisted due to disappointing earnings forecasts. FedEx plunged 6.4% after cutting its earnings outlook amid industrial weakness, while Nike dropped 5.5% on lower sales projections. On the week, the S&P 500 slightly higher, hardly broke 4-weekly losses, the Dow added 0.7% and the Nasdaq ended mostly muted.

Source: Trading Economics

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