FX.co ★ US Stocks Little Changed Ahead of Geneva Talks

On Friday, U.S. stock markets closed with minimal movement as investors anticipated upcoming critical trade discussions between the United States and China scheduled for the weekend in Geneva. The S&P 500 slightly decreased by 0.1%, the Dow Jones Industrial Average dropped by 119 points, and the Nasdaq 100 remained largely unchanged. An initial rise in market sentiment occurred following news of a trade agreement between the U.S. and the U.K. However, uncertainty persisted regarding the potential outcomes of the negotiations with China. Contributing to the cautious attitude, President Trump suggested a possible reduction of tariffs on Chinese imports to 80% from the existing 145%, while also stating that negotiations for "many trade deals" are in progress. On the corporate earnings front, Pinterest saw a 4.8% increase owing to robust advertising revenue projections. Conversely, Expedia experienced a 7.3% decline after failing to meet revenue expectations, and Affirm fell by 14.5% due to disappointing fourth-quarter forecasts. The varied corporate earnings reflected a general sense of investor caution amid prevailing trade disputes. Throughout the week, the S&P 500 dropped by 0.7%, the Nasdaq decreased by approximately 0.6%, and the Dow edged down by around 0.2%.