FX.co ★ US Stocks Waver but Remain on Track for Weekly Gain

On Friday, the three major U.S. stock averages experienced fluctuations, alternating between minor gains and losses following three consecutive days of advancements. Investors are currently navigating mixed signals regarding trade developments alongside a new set of corporate earnings reports. Notably, there were indications that China might be contemplating the suspension of its 125% tariff on select U.S. imports. However, Chinese officials clarified that no tariff negotiations are in progress. Concurrently, President Trump announced ongoing discussions between his administration and Beijing. Within the market sectors, communication services emerged as the standout performer, whereas energy, materials, and health sectors encountered significant losses. On the corporate front, shares of Intel plummeted by over 7% due to a projection that fell short of expectations. Similarly, T-Mobile saw a decline of more than 8% after its postpaid phone subscriber growth failed to meet forecasts. Conversely, Alphabet shares rose by approximately 3%, surpassing earnings estimates. Analyzing the week as a whole, the S&P 500 increased by 3.8%, the Nasdaq surged by 5.4%, and the Dow experienced a 2% rise.