The S&P 500 Index ($SPX) (SPY) on Friday fell by -0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) rose by +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell by -0.43%. September E-mini S&P futures (ESU25) fell -0.22%, and September E-mini Nasdaq futures (NQU25) fell -0.44%.
Stocks on Friday saw downward pressure from the weaker-than-expected US consumer sentiment report. Other bearish factors included a +3 bp rise in the 10-year T-note yield and reduced expectations for Fed rate cuts at the next two FOMC meetings. The rest of Friday's US economic news was largely in line with market expectations, and the US retail sales report was supportive of the US economic growth outlook.
