01:29 PM EST, 02/14/2025 (MT Newswires) -- US equity indexes traded mixed while most government bond yields fell after retail sales dropped more than forecast and investors weighed the Trump administration's plans for a global punitive trade policy.

The Nasdaq Composite rose 0.2% to 19,977.6, with the S&P 500 little changed at 6,114.8, and the Dow Jones Industrial Average 0.2% lower at 44,605.9 after midday Friday. The energy sector was the top gainer intraday and consumer staples the steepest decliner.

In economic news, US retail sales fell by 0.9% in January, versus the 0.2% decrease expected in a survey compiled by Bloomberg and the previous month's 0.7% gain. Excluding a 2.8% decrease in motor vehicle sales, retail sales slid 0.4% compared with an expected 0.3% gain. That followed a 0.7% gain in December. Removing both motor vehicles and a 0.9% gain in gasoline station sales, retail sales retreated 0.5% in January after a 0.5% drop in December.

President Donald Trump ordered officials to develop custom tariffs for imports from all US trading partners and report their recommendations for imposing reciprocal tariffs. Commerce Secretary Howard Lutnick said a study would be complete by April 1, though the delay is seen as an opportunity to negotiate new trade deals.

The European Commission expressed concerns over Trump's proposed reciprocal trade policy, saying it will "react firmly and immediately" against US tariffs to protect its interests.

The US dollar index fell 0.6% to 106.68. Most US Treasury yields fell, with the 10-year down 5.7 basis points to 4.47% and the two-year 5.8 basis points lower at 4.25%.

Further, in economic news, US industrial production rose by 0.5% in January, above the 0.3% increase expected in a survey compiled by Bloomberg, and an upwardly revised 1% increase in December.

US import prices were up 0.3% in January, below the 0.4% increase expected in a survey compiled by Bloomberg and following a 0.2% gain in December. Export prices jumped by 1.3% in January, above expectations for a 0.3% increase and following a 0.5% gain in December.

In company news, Airbnb ( ABNB ) issued modest Q1 guidance after its Q4 beat, and shares jumped 14% intraday, the top performer on the S&P 500 and the Nasdaq, reflecting the company's near-term investment plans and upbeat margin forecast for 2025, Wedbush said in a note emailed Friday.

Applied Materials ( AMAT ) shares slumped 6.5% intraday, the worst performer on the S&P 500, after the company issued a downbeat fiscal Q2 revenue outlook at the midpoint amid the impact of US restrictions on exports to China.

West Texas Intermediate crude oil futures dropped 0.8% to $70.75 a barrel.

Gold futures declined 1.5% to $2,901.11. Silver jumped 0.5% to $32.88.