US Stocks Little Changed Ahead of Geneva Talks
US stocks closed near the flatline on Friday as investors looked ahead to high-stakes trade negotiations between the US and China in Geneva this weekend.
The S&P 500 edged lower by 0.1%, the Dow Jones fell 119 points, while the Nasdaq 100 finished mostly flat. A brief boost in sentiment followed the announcement of a US-UK trade agreement, but uncertainty lingered over whether talks with China would yield meaningful progress.
Adding to the cautious mood, President Trump floated the idea of reducing tariffs on Chinese imports to 80% from the current 145%, while claiming that “many trade deals” are underway. On the earnings front, Pinterest jumped 4.8% on strong ad revenue forecasts, while Expedia slid 7.3% after missing revenue expectations, and Affirm sank 14.5% on weak fourth-quarter guidance.
The mixed corporate results underscored broader investor wariness amid trade headwinds. The S&P 500 ended the week down 0.7%, while the Nasdaq lost around 0.6%. The Dow slipped roughly 0.2%.
Source: Trading Economics
