Wall Street Trims Losses As Boeing Eyes Best Week In Nearly 2 Years: What's Driving Markets Friday?

Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.

At a White House event, President Donald Trump said there would be flexibility on the upcoming tariffs, easing investor concerns that their planned implementation on April 2 could trigger major disruptions.

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The news helped improve risk sentiment in equities, while gold is having its worst session since late February, down 1% as traders scale back positions in safe-haven assets.

The U.S. dollar reversed course to notch weekly gains after two consecutive weeks of losses. Among mega-cap stocks, Boeing Co. BA and Tesla Inc. TSLA led the way, climbing 4.9% and 4.2%, respectively.

Boeing, up 11% for the week, is on track for its strongest weekly performance since July 2023 after securing a multibillion-dollar contract to design and build a next-generation fighter jet for the U.S. Air Force—beating out rival Lockheed Martin Corp. LMT, which fell 6%.

Bitcoin BTC/USD dipped 0.4% to below $84,000 but is still holding onto weekly gains.

Friday’s Performance In Major US Indices, ETFs

Major Indices	Price	1-day %
Dow Jones	41,851.01	-0.2%
Nasdaq 100	19,623.24	-0.3%
S&P 500	5,637.84	-0.4%
Russell 2000	2,056.35	-0.6%

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust SPY fell 0.7% to $561.86.
• The SPDR Dow Jones Industrial Average DIA fell 0.4% to $418.47.
• The tech-heavy Invesco QQQ Trust Series QQQ was down 0.2% to $478.28.
• The iShares Russell 2000 ETF IWM fell 0.6% to $203.82
• The Communication Select Sector SPDR Fund XLC outperformed, up 0.4%; the Materials Select Sector SPDR Fund XLB was the worst sector performer, down 1.5%.

Friday’s Stock Movers

• FedEx Corp. FDX tumbled 7.9% in reaction to quarterly earnings, eyeing the worst day since September.
• Other stocks reacting to earnings included Carnival Corp. CCL, up 0.3%, NIO Inc. NIO, down 3%, Micron Technology Inc. MU, down 7.9%, Nike Inc. NKE, down 4.5%, Lennar Corp. LEN, down 4%.

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