04:59 PM EST, 02/28/2025 (MT Newswires) -- US equity indexes were mixed this week after macroeconomic data signaled weakness, while Nvidia's ( NVDA ) quarterly results underwhelmed investors, and a tense exchange between President Donald Trump and President Volodymyr Zelensky at the Oval Office brought geopolitical risks to the fore.
* The S&P 500 closed at 5,954.50 on Friday, versus 6,013.13 a week earlier. The Nasdaq Composite stood at 18,847.28 compared with 19,524.01 the week prior. The Dow Jones Industrial Average ended at 43,840.91, versus 43,428.02 a week ago.
* The Conference Board's measure of consumer confidence fell in February the most since August 2021. US initial jobless claims rose to 242,000 in the week that ended Feb. 22, beating forecasts for 221,000. The personal consumption expenditures price index and core PCE rose as forecast in January month over month. The growth in both gauges slowed from a year ago.
* Stifel said the PCE data appears more reassuring, potentially reinstating a disinflationary trend after four consecutive months of escalating consumer and producer price growth. However, "there appear to be at least some rising concerns of waning economic momentum amid fears of further upside risks to inflation."
* Trump plans to press ahead with import duties on Mexico and Canada next week, and China would likewise get a 10% additional tariff from the same day. A "stagnating" US economy coupled with rising prices is an economic quagmire that policymakers dread, a deVere Group note said.
* The US 10-year yield traded at 4.21% late Friday, down from 4.43% a week ago.
* Nvidia ( NVDA ) reported higher fiscal Q4 results that beat analyst estimates. Shares, nevertheless, fell 7.2% this week.
* A modest beat and "nothing major" in terms of guidance meant the report failed to live up to the hype, a Deutsche Bank note said. "Indeed, it was the smallest revenue beat in two years, so that was underwhelming for investors used to much bigger upside surprises."