U.S. stocks traded mostly lower Friday after President Trump cast doubt on earlier reports that the administration would agree to roll back import duties on China as part of a “phase-one” trade deal.
The Dow Jones Industrial Average fell 90 points, or 0.3% to 27,584, the S&P 500 index fell 4 points or 0.1% to 3,081, while the Nasdaq Composite Index gained 7 points, or 0.1%, at 8,442.
On Thursday, the Dow rose 182.24 points, or 0.66%, to a record 27,674.80, while the S&P 500 index gained 8.4 points, or 0.27%, to an all-time high of 3,085.18. The Nasdaq Composite Index added 23.89 points, or 0.28%, to 8,434.52, its second-highest close in history, according to Dow Jones Market Data.
For the week, the Dow was likely to gain 1%. while the S&P 500 and Nasdaq may finish the five-session period 0.5% higher.