S&P 500, NASDAQ hover near record highs

Most US stock indices leaned toward negative territory in Friday’s trading, though they remained near all-time highs as markets monitored corporate earnings results.

The earnings season for companies listed on Wall Street for the second quarter of 2025 has begun, starting with bank earnings, most of which have shown strong figures.

Global markets have been gripped by concerns this week amid uncertainty over the possibility that US President Donald Trump might dismiss Federal Reserve Chairman Jerome Powell from his position.

In terms of market performance, the Dow Jones Industrial Average fell by 0.4% (equivalent to 160 points) to 44,326 points as of 16:15 GMT. The broader S&P 500 Index declined by 0.1% (3 points) to 6,293 points, while the Nasdaq Composite dropped by 0.1% (10 points) to 20,874 points.