Overview
- U.S. stocks traded lower Friday, with the Dow, S&P 500 and Nasdaq modestly in the red as investors parsed a heavy slate of results from large technology companies.
- Meta rose about 7.6% on stronger-than-expected earnings and upbeat first‑quarter guidance, while Microsoft fell more than 11% on disappointing cloud margins tied to AI data‑center spending.
- President Trump named former Fed governor Kevin Warsh to lead the central bank, a choice that must be confirmed by the Senate and that left Treasury yields little changed.
- Paris’s CAC 40 closed up 0.68%, supported by near‑certain adoption of France’s 2026 budget after the government invoked Article 49.3 and by a measured reception to the Fed news.
- France blocked Eutelsat’s planned sale of ground antennas to EQT on strategic‑sovereignty grounds, weighing on the satellite operator’s shares.