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Rich Asplund

INSANE: Stocks settle mixed on consolidation below record highs | Rare Historical Photos

United States FedEx NIke Nvidia Tesla Inc. UBS US Federal Reserve

The S&P 500 Index ($SPX) (SPY) Friday closed down -0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.10%. 

Stock indexes on Friday settled mixed as they consolidated below Thursday’s record highs.  On the negative side, Lululemon Athletica closed down more than -15% after warning of a slowdown in visits to stores in the US and forecasting 2025 net revenue below consensus.  Also, Nike closed down more than -6% after warning that sales would decline by the low single digits in the first half of the fiscal year.  In addition, Tesla closed down more than -1% after Bloomberg reported that the company had reduced vehicle production at its plant in China.

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