Overview

• The S&P 500 ended the week down 0.5%, with the Dow Jones Industrial Average falling 0.3% and the Nasdaq composite largely unchanged.
• This marks the first week in seven where the S&P 500 moved less than 1.5%, following weeks of sharp swings tied to trade policy uncertainties.
• President Trump floated reducing tariffs on Chinese imports from 145% to 80%, briefly jolting markets before they stabilized.
• Treasury yields, including the 10-year yield holding steady at 4.37%, reflected bond market stability ahead of the trade talks.
• Saturday’s high-level U.S.-China meeting in Switzerland is expected to address tariffs, marking the first substantive talks since the trade war escalation.