Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

 

Markets defy trade jitters with mixed performance

Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close, buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain, while the Dow Jones Industrial Average slipped 0.3%, reflecting investor caution amid escalating tariff tensions.

Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports, markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves.

Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results, signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 before retreating as the crypto market hit a $4 trillion milestone.

As Wall Street digests mixed signals from earnings and trade policy, the market’s ability to hold near record highs suggests investors remain cautiously optimistic about the economic outlook.