Here are five key things investors need to know to start the trading day:
1. Clinging to gains
Stocks are clinging to weekly gains after another losing session on Thursday. With one trading day left in the week, the Dow Jones Industrial Average is up 0.75% over the period, the S&P 500 is up 0.45% and the Nasdaq Composite is up 0.11% . New tariffs on auto imports hurt markets earlier this week, with more new levies set to take effect next week. “I don’t expect that market volatility is going to calm until we have more policy [certainty]. And a lot of us are looking to see if we get that next week,” said Lauren Goodwin, New York Life Investments’ chief market strategist. “I’m not really seeing it. I anticipate that this volatility is here to stay with us.” Follow live market updates.
2. Dented
Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S.
Tomohiro Ohsumi | Getty Images
3. Ta-da, data!
A person browses a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada March 4, 2025.
Arlyn Mcadorey | Reuters
Friday mornings often mean new economic data. This time it’s the monthly personal consumption expenditures price index (PCE) from the Commerce Department. The print could be telling, as Americans start to chafe against President Trump’s on-again off-again tariff plan. Earlier this week, consumers’ confidence in where the economy is headed dipped to its lowest level in more than a decade, according to the Conference Board.
4. Lull-ulemon
People are walking past a Lululemon store in Hong Kong on July 29, 2024.
Vernon Yuen | Nurphoto | Getty Images
Inflation and economic concerns are hamstringing spending at Lululemon. The athletic apparel maker’s CEO, Calvin McDonald, said a survey of its customers earlier this month found that people are spending less due to macro worries. That’s resulted in lower traffic to U.S. stores, and Lululemon said it expected slower sales for the rest of the year. The stock fell more than 12% in extended trading.
5. AIPO
A CoreWeave logo is displayed on a smartphone with stock market percentages in the background.
Omar Marques | SOPA Images | Lightrocket | Getty Images
CoreWeave, a company that provides access to graphics processing units from Nvidia for AI uses, is debuting on the public markets Friday. The firm priced its shares at $40 apiece, below the expected range in a downsized sale, raising $1.5 billion and valuing the company at about $19 billion. The offering is the biggest from a U.S. tech company since 2021. CoreWeave shares will trade on the Nasdaq under the ticker symbol “CRWV.”
– CNBC’s Sarah Min, Michele Luhn, Alex Harring, Russell Leung, Leslie Picker and Jordan Novet contributed to this report.
