Bonds & Stocks
Stocks stabilized on Friday as investors braced for economic data that may give insights into the Federal Reserve’s next steps. The S&P 500 was little changed, though the expiration of options could amplify market swings. The Nasdaq 100 outperformed major benchmarks, while the Dow Jones Industrial Average came under pressure as UnitedHealth Group Inc. tumbled on a news report the US Justice Department has been investigating its Medicare billing practices.
Economy
President Donald Trump is expected to sign a memorandum Friday that opens the door to levies in response to digital services taxes some countries impose on US tech giants, people familiar with the plans said, the latest step to expand a tariff war aimed at addressing imbalances in global trade.
World
A gauge of Chinese technology stocks traded in Hong Kong closed up 6.5% Friday at the highest level since early 2022, while the onshore SSE Science and Technology Innovation Board 50 Index ended 6% higher, the most in four months.