Stock markets saw a downturn with the major indices like the S&P 500 and the Nasdaq composite unable to maintain the record highs achieved in the previous session.
The S&P 500 witnessed a decline of 0.3% on Friday, while the Dow Jones Industrial Average retracted by 0.6%. The Nasdaq composite suffered a minor slip of 0.2%.
Nevertheless, Levi Strauss experienced a surge, soaring 11.3% after surpassing analyst predictions for both sales and profits.
The company also revised its full-year outlook upwards, despite the looming challenge of increased tariffs.
The upcoming week is set to be pivotal with earning reports from major banking institutions like JPMorgan Chase offering critical insights into market dynamics.
On the financial front, the indices movements for Friday stood at:
The S&P 500 shedding 20.71 points, representing a 0.3% decrease, closing at 6,259.75.
The Dow Jones Industrial Average lost 279.13 points, equivalent to a 0.6% fall, concluding at 44,371.51.
The Nasdaq Composite dipped 45.14 points, marking a 0.2% drop, ending at 20,585.53.
The Russell 2000 index, indicative of smaller companies, tumbled 28.58 points, or 1.3%, to close at 2,234.83.
Observing the weekly trends,
the S&P 500 decreased by 19.60 points, resulting in a 0.3% reduction.
The Dow decreased by 457.02 points, translating to a 1% drop.
The Nasdaq shrank by 15.57 points, denoting a 0.1% fall.
The Russell 2000 fell by 14.21 points, reflecting a 0.6% decline.
For the year to date, the indices have displayed notable progress:
The S&P 500 has climbed 378.12 points, translating to an uplift of 6.4%.
The Dow has risen by 1,827.29 points, marking a 4.3% increase.
The Nasdaq has gained 1,274.73 points, indicating an ascent of 6.6%.
The Russell 2000 has seen an uptick of 4.67 points, equating to a modest 0.2% rise.