US stocks were mostly flat to hold this week's sharp losses before tomorrow's holiday, as markets assessed mixed corporate earnings and risks around President Trump's uncertain tariff policies. The S&P 500 inched above the flatline and the Nasdaq 100 added 0.3% on some respite for the tech sector.
TSMC gained 3% on a strong guidance, supporting the broader chip sector after Nvidia's export embargo by Trump and poor results from ASML drove chip stocks to record steep losses this week.
On the trade front, threats on tariffs on copper, semiconductors, pharmaceuticals, and lumber were yet to be confirmed by the White House, although reports indicate that negotiations with Japan were imminent.
Risk assets were also hampered by Trump criticizing Fed Chair Powell following the latter's warning that tariffs may hamper growth and rekindle inflation. On the other hand, UnitedHealth futures slumped 20% after their results, triggering a 500-point drop in the Dow.
Source: Trading Economics
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