The ICE U.S. Dollar Index was up 0.4% in recent trading after the latest reports about President Donald Trump's tariff plans.
Several Big Tech stocks were dropping sharply Friday afternoon, weighing on the S&P 500 index as it struggled to keep its weekly gain. The S&P 500 was down 0.7% Friday, as Google parent Alphabet Inc.
Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla.
Amazon has turned in better-than-expected Q4 2024 earnings results, driven by strong performances in AWS and international markets, though high capital expenses loom.
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