Wall Street Mixed Ahead of Easter Holidays
US stocks closed mixed ahead of the Good Friday holiday, as investors weighed trade talks and interest rate uncertainty.
The S&P 500 added 0.1%, boosted by gains from Eli Lilly, which surged 14.3% after its weight-loss pill matched Ozempic's performance in a diabetes trial, and Apple, which rebounded 1.4%.
The Dow fell 527 points, dragged by a 22.4% drop in UnitedHealth shares due to a weak outlook, while the Nasdaq 100 finished muted.
Netflix rose 1.2% ahead of its upcoming earnings report. Market sentiment was mixed as investors digested President Trump’s comments on “big progress” in trade talks with Japan and his push for a deal with China.
Jitters over tariffs and Trump’s renewed criticism of Fed Powell, including calls for rate cuts, added to the uncertainty. A drop in weekly jobless claims pointed to labor market resilience, though attention remained focused on trade negotiations and monetary policy signals. For the week, the Dow and Nasdaq fell 2%, while the S&P 500 lost 1%.
Source: Trading Economics
