US benchmark equity indexes edged higher Friday as two Federal Reserve officials said the economy faced a high level of uncertainty. The Nasdaq Composite rose 0.5% to 17,784.1. The S&P 500 and the Dow Jones Industrial Average inched 0.1% higher at 5,667.6 and 41,985.4, respectively. Among sectors, real estate saw the biggest decrease, while communication services led the gainers.For the week, the Dow gained rose 1.2%, while the S&P 500 added 0.5%. The Nasdaq rose 0.2%.

New York Fed President John Williams said Friday the US economy is facing elevated uncertainty amid evolving fiscal and trade policies, though the current monetary policy stance places the central bank well to adjust to changing conditions. "There are many scenarios that could play out, depending on fiscal and trade policies and geopolitical and other developments," Williams said.

Separately, Chicago Fed President Austan Goolsbee said the economy faces "a lot of uncertainty," CNBC reported. "If we can continue to make progress on inflation over the long run, I believe that rates 12 to 18 months from now will be lower than where they are today," Goolsbee reportedly said.

Earlier in the week, the Federal Open Market Committee decided to leave interest rates unchanged for a second straight meeting. Policymakers kept their federal funds rate outlook intact through 2027, while downgrading economic growth projections.

US Treasury yields were mixed Friday, with the two-year rate dropping nearly 1 basis point to 3.95% and the 10-year rate gaining 1.7 basis points to 4.25%.

President Donald Trump said there will be "flexibility" to his plans for reciprocal tariffs, which are scheduled to go into effect April 2, CNBC reported Friday. Trump, however, apparently opposed the idea of making exceptions.

West Texas Intermediate crude oil rose 0.3% to $68.28 a barrel.

In company news,

Nike shares slid 5.5%, the steepest decline on the Dow and among the worst on the S&P 500. The sportswear giant late Thursday flagged revenue and gross margin declines in its fiscal fourth quarter amid tariffs and the company's ongoing transformation efforts.
FedEx shares slumped 6.5% Friday, among the steepest falls on the S&P 500. The parcel delivery company late Thursday lowered its fiscal 2025 outlook as third-quarter earnings growth fell short of Wall Street's expectations.
Boeing shares increased 3.1% Friday, the top performer on the Dow. The plane maker has reportedly won a multibillion dollar contract to design and build a fighter jet for the US Air Force, beating Lockheed Martin. Shares of Lockheed tumbled 5.8%.
Super Micro Computer shares jumped 7.8%, the best performer on the S&P 500, as JPMorgan upgraded the stock to neutral from underweight and adjusted its price target to $45 from $35.

Gold fell 0.5% to $3,027.4 per troy ounce, while silver lost 1.3% to $33.54 per ounce.

Portfolio News

Active Trading Portfolio: We are evaluating several FX trade opportunities today. Premium and Pro members will be notified via WhatsApp upon execution of any trades. Check Out the Active Trading Portfolio.
Option Trading Portfolio:
- Update on our SPY Financed Bear Put Spread: We are pleased to report a current profit of $435 per contract since initiating this actively managed combination trade on February 24th. Here's a summary of the trade's progression:
  - Original Setup (Feb 24th): We established the position by purchasing one March 21st SPY $580 Put and simultaneously selling two March 21st SPY $570 Puts, generating a net credit of $1.53 with an initial 85% probability of profit.
  - Mid-Trade Adjustment (March 5th): Following market volatility due to tariff concerns, we proactively managed the position by closing one of the March 21st $570 short puts and rolling it down and out to the April 17th $560 Put, generating an additional credit of $1.00 per contract and lowering our breakeven point by $11.
  - March 21st Expiry: With SPY closing at $563.98, both our long $580 Put and the remaining short $570 Put were assigned. These assignments effectively offset each other, leaving our short April 17th $560 Put as the remaining open leg.
  - Current Profit Analysis:
    Profit from March 21st $580 Long Put: $1,153
    Loss from March 21st $570 Short Put: $301
    Loss from Rolled March 21st Short Put: $429
    Current Profit on April 17th Short $560 Put: $12
    Net Profit (to date): $435 per contract
    Potential Additional Profit: Up to $818 per contract if SPY remains above $560 at the April 17th expiry.
  Next Steps: We are currently evaluating the possibility of closing the remaining April $560 Put to realize the existing profit. We will assess market conditions this week and inform our members of our decision.
- Possible New Trades:
  - EUR.USD Futures Options: We're eyeing the EUR/USD and contemplating selling the 1.12 April Calls on the EUR/USD June futures!
    Check Out the Option Trading portfolio.
Buy and Hold Portfolio: Our long-term buy-and-hold portfolio is performing strongly, achieving a 4.53% year-to-date gain. This significantly outperforms the S&P 500, which is down nearly 10%. We will notify Pro and Premium members via WhatsApp immediately upon making new purchases. We have identified over 14 potential stocks for investment once the current sell-off concludes, but we will delay any new acquisitions until after the April 2nd retaliatory tariffs are implemented. Check out out the Buy and Hold Portfolio.