The S&P 500 Index ($SPX) (SPY) Friday closed down -0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.01%. June E-mini S&P futures (ESM25) are down -0.07%, and June E-mini Nasdaq futures (NQM25) are down -0.01%.
Stock indexes on Friday settled slightly lower as the market traded cautiously ahead of weekend trade talks between the US and China. Comments on social media from President Trump weighed on stocks Friday when he said an 80% tariff on China “seems right” and that the right level of tariff on China would be up to Treasury Secretary Bessent. According to Bloomberg Intelligence, the average company in the S&P 500 made 6.1% of its revenue from selling goods in China or to Chinese companies in 2024.
