04:34 PM EDT, 05/30/2025 (MT Newswires) -- US benchmark equity indexes closed mixed on Friday after President Donald Trump alleged China violated the trade agreement with the US.

The Nasdaq fell 0.3% to 19,113.77, the Dow Jones Industrial Average rose 0.1% to 42,297.07, and the S&P 500 was little changed at 5,911.69. Among sectors, consumer staples led gainers, and energy paced the trio of decliners.

US Treasury yields fell with the 10-year rate decreasing 1.3 basis points to 4.41% and the two-year rate dropping 3.5 basis points to 3.91%.

July West Texas Intermediate crude oil decreased 0.1% to $60.87 a barrel.

"China, perhaps not surprisingly to some, has totally violated its agreement with us," Trump said in a social media post.

Earlier this month, Washington and Beijing agreed to suspend most tariffs on each other's imports for 90 days. On Friday, Trump accused China of breaching the pact without providing details.

In economic news, US consumer spending growth slowed last month in line with Wall Street's expectations, while the Federal Reserve's preferred inflation metric decelerated at the annual level, government data showed.

"Consumer spending came off the burner in April as the implementation of reciprocal tariffs weighed on consumer confidence and began to bring an end to the front-loading behavior we had seen in March," TD Economics Economist Andrew Foran said in a note. "We expect consumer spending to grow at a modest pace of 1.8% in the second quarter as the economy continues to adapt to a higher cost environment."

US consumer sentiment stabilized in May after declining over the past four months as the US-China preliminary trade deal helped lift expectations, a survey by the University of Michigan showed.

The US advance goods trade deficit narrowed to $87.62 billion in April after surging to $162.25 billion in March. Exports rose by 3.4% in April while imports plunged by 19.8%, a reversal after US consumers boosted purchases in March ahead of expected tariffs.

In corporate news, Ulta Beauty ( ULTA ) shares rose 12%, the biggest gain on the S&P. The company on Thursday reported fiscal Q1 results that topped Wall Street estimates.

Costco Wholesale ( COST ) shares advanced 3.1%, a day after the company posted fiscal Q3 results that topped market expectations.

Cooper (COO) shares fell 15%, the second-biggest drop on the S&P. JP Morgan downgraded its rating on the stock to neutral from overweight, and several analysts cut their price targets, a day after the company posted fiscal Q2 results.

Gold decreased 0.8% to $3,317.80 per troy ounce, while silver dropped 1% to $33.08 per troy ounce.