Overview
- The S&P 500 fell 0.06% Friday, the Dow 0.17% and the Nasdaq 0.06%, closing a week down roughly 0.38%, 0.29% and 0.66% respectively.
- The 10-year Treasury yield climbed to about 4.23%, marking a four‑month high.
- President Trump indicated Kevin Hassett may remain in his current post, shifting trader expectations toward Kevin Warsh and sharpening concerns about the Fed’s independence with Jerome Powell’s term ending in May.
- Semiconductor momentum cooled, though Micron rallied after a filing showed an executive purchased nearly $8 million in shares.
- Mexico’s IPC opened higher led by América Móvil, and oil rose more than 1% on Iran-related supply risks as investors monitored the policy outlook.