U.S. equities finished little changed on Friday after recovering from an intraday drop sparked by a Financial Times report that President Donald Trump is weighing tariffs of 15% to 20% on European Union products. The S&P 500 closed virtually flat at 6,296.79, the Nasdaq Composite edged up 0.05% to 20,895.66, and the Dow Jones Industrial Average slipped 142.30 points, or 0.32%, to 44,342.19. Investors appeared increasingly indifferent to new trade salvos, with both the S&P 500 and Nasdaq holding near record highs despite the latest tariff threat. For the week, the S&P gained 0.6% and the Nasdaq advanced 1.5%, while the Dow dipped 0.07%. Stock-index futures were steady in Sunday evening trading as market participants prepared for a heavy slate of second-quarter results from technology heavyweights, including Alphabet and Tesla on Wednesday, and monitored the White House’s Aug. 1 deadline for additional tariffs. The cautious tone underscores lingering concern that trade policy could still disrupt the recent rally even as earnings forecasts remain broadly upbeat.
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