Overview

• Major U.S. indexes ended modestly lower Friday after record highs, with the S&P 500 down about 0.1% and the Nasdaq 100 slipping around 0.2%.
• Netflix shares plunged roughly 5% after forecasting lower second-half operating margins despite beating Q2 revenue estimates.
• Health insurer stocks, led by Elevance Health and Humana, fell on lowered profit outlooks and a legal setback over Medicare bonus payments.
• Treasury yields eased as Fed Governor Christopher Waller voiced support for a rate cut at the Federal Reserve’s July meeting.
• President Trump’s threat of steep EU tariffs if no trade deal is reached by August 1 kept investors on edge.