S&P 500 closes little changed on Friday, but Wall Street notches weekly gains: Live updates

The S&P 500 was little changed on Friday in a pause from a strong performance this week, as investors weighed the latest on the global trade and inflation fronts.

The Dow Jones Industrial Average shed 165.35 points, or 0.37%, closing at 44,546.08. The S&P 500 ticked down 0.01% to 6,114.63, and the Nasdaq Composite added 0.41% to close at 20,026.77.

The three major averages ended the week in the green, as sentiment improved after investors got more certainty around President Donald Trump‘s tariff plans, while new inflation data wound up being more constructive than first thought. Traders also shrugged off data released Friday that reflected a 0.9% slump in retail sales for January, worse than the Dow Jones estimate for a 0.2% decline.

This week, the S&P 500 added about 1.5%, while the Dow advanced roughly 0.6%. The Nasdaq was 2.6% higher on the week.

A chunk of the week’s advance came Thursday after Trump signed a memorandum on laying out a plan to impose levies on goods from countries with duties on U.S. products, instead of implementing immediate tariffs.

Sentiment appeared to calm after January’s producer price index report, released Thursday, as well as the consumer price index report released Wednesday, suggested a softer reading for the personal consumption expenditures price index. The PCE price index, which is due later this month, is the Federal Reserve’s preferred inflation gauge.

“It looks like the economy and inflation aren’t runaway accelerating, causing pressure on rates,” said Matt Stucky, chief portfolio manager at Northwestern Mutual Wealth Management Company. He said the recent move downward in the 10-year Treasury yield is “improving breadth, but it’s also lifting asset prices on the equity side because of that correlation dynamic.”

The 10-year Treasury yield continued to slide Friday, recently dropping nearly 5 basis points lower to 4.478%.