The S&P 500 fell to 6,013.13 on Friday from 6,114.63 a week earlier. The Nasdaq Composite dropped to 19,524.01 from 20,026.77, and the Dow Jones Industrial Average dropped to 43,428.02 from 44,545.46.

Walmart fell 8.9% this week after Q1 and fiscal 2026 adjusted earnings guidance missed expectations.

The University of Michigan consumer sentiment index was unexpectedly revised downward for February. Respondents expect a 4.3% inflation rate over the next year and 3.5% annual inflation over the next five years, up from 3.3% and 3.2%, respectively, in January.

The US private sector output growth unexpectedly slowed in February as the services sector contracted, while optimism waned amid concerns over the impact of tariffs and domestic spending cuts, S&P Global's flash purchasing managers' index showed.

The Fed policy minutes showed participants "well positioned" to pause interest-rate cuts given the uncertainty over the fiscal policy outlook and still-elevated inflation. The FOMC awaited further progress on inflation amid uncertainty surrounding fiscal policy decisions. Possible tariffs and changes to immigration policy are sources of uncertainty that may shift inflation and employment, Atlanta Federal Reserve Bank President Raphael Bostic said. "In a nutshell, contacts are concerned that tariffs could increase costs," Bostic said. "Many feel confident that if that happens, then they can pass along higher costs in their prices."

Active Trading Portfolio: We closed the EUR.GBP trade on Friday for a profit of €45 in just two days. Not quite the amount we were hoping for but we did not want to hold this trade throughout the weekend. Check Out our Active Trading Portfolio.

Option Trading Portfolio: We made a profit of $339 per contract on the SPY trade on Friday. Check Out our Option Trading portfolio.

Buy and Hold Portfolio: We are considering adding 5 more stocks to the portfolio in the coming days. We will alert our Pro and Premium members when we decide to make a purchase. novo Nordisk has jumped 8% since we bought it last week! Check out out Buy and Hold Portfolio.