Stocks Halt Bull Run Friday - #US #MarketWrap 
A relentless rally in stocks took a breather near all- time highs, but the market still notched its best start to a presidential term since Ronald Reagan was sworn in to power in 1985.

While a rout in chipmakers weighed on trading Friday, the S&P 500 climbed almost 2% this week. That was after President Trump talked up policies to boost the economy and lower taxes, while appearing to soften his stance toward tariffs on China - even as he continued to threaten sweeping action. The dollar saw its biggest weekly drop since November 2023.

The S&P 500 fell 0.3%. The Nasdaq 100 slid 0.6%. The Dow Jones Industrial Average slipped 0.3%. A gauge of the Magnificent Seven megacaps dropped 0.4%. The Russell 2000 fell 0.3%. Nvidia sank 3.1%. Meta climbed on plans to invest as much as $65 billion on artificial-intelligence projects in 2025. Cryptocurrency-linked firms rallied following Trump’s executive order favoring the industry.

Oil saw its first weekly drop this year, with Trump calling for lower prices, which tends to ease concerns about inflation. Russian President Vladimir Putin said he’s ready to discuss energy issues with the US president.

In the run-up to next week’s Federal Reserve decision, bonds rose amid data showing a drop in US consumer sentiment and a slight pullback in the growth pace of business activity, though companies remained upbeat about the outlook. The yield on 10-year Treasuries declined three basis points to 4.62%.
#US #MarketWrap