Wall Street closed mixed on Friday, with the S&P 500 managing to break a four-week losing streak despite persistent concerns over tariffs, economic uncertainty, and tech sector weakness.
The market remained volatile throughout the session as investors digested President Donald Trump’s latest remarks on reciprocal tariffs and awaited the Federal Reserve’s next moves.
The S&P 500 edged up 0.08% to close at 5,667.56, posting a 0.5% weekly gain—its first in over a month.
The Nasdaq Composite rose 0.52% to 17,784.05, while the Dow Jones Industrial Average added 32.03 points or 0.08%, finishing at 41,985.35.
Market participants navigated a choppy session, driven by the quarterly “quadruple witching” event, where stock options, index options, futures, and single-stock futures contracts expired.
Goldman Sachs estimated that over $4.7 trillion worth of options exposure was set to expire, adding to the session’s volatility.
Tariff uncertainty looms over Wall Street
Stocks attempted a recovery late in the session after President Donald Trump signaled some “flexibility” on tariffs but reiterated that all trading partners imposing duties on US goods would face reciprocal tariffs starting April 2.