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U.S. stocks closed mixed Thursday, with the S&P 500 rising 0.4% to log a fourth straight day of gains, while the Dow Jones Industrial Average climbed more than 250 points.\u00a0<\/p>\n
The Nasdaq Composite dipped<\/a> 0.2%, breaking its six-day winning streak.<\/p>\n Markets were buoyed by signs of easing trade tensions after the U.S. and China agreed to temporarily lower tariffs, providing relief to investors concerned about inflation and global growth.\u00a0<\/p>\n The 10-year Treasury yield fell<\/a> to 4.44% following a surprise drop in April\u2019s Producer Price Index, which declined 0.5% month-over-month.<\/p>\n Retail sales in April rose<\/a> just 0.1%, in line with expectations but well below March\u2019s 1.7% surge. Meanwhile, industrial production posted a small decline.\u00a0<\/p>\n <\/p>\n Walmart said<\/a> it will raise prices in response to tariffs, signaling ongoing pressure on retailers and consumers. Walmart stock slipped 0.5% after the company withheld profit guidance for the current quarter.<\/p>\n Tech stocks, which have led markets in recent days, took a breather. Meta Platforms fell 4% on reports of a delayed AI rollout, while Nvidia and Tesla remained up around 15% for the week.<\/p>\n Investors also digested comments from Federal Reserve Chair Jerome Powell, who warned of more volatile inflation ahead due to persistent global supply shocks.\u00a0<\/p>\n Meanwhile, President Trump hinted at possible trade agreements with India and Iran, fueling hopes for further economic tailwinds.<\/p>\n In a standout move, Foot Locker surged<\/a> nearly 86% after announcing a $2.4 billion merger with Dick\u2019s Sporting Goods. On the downside, UnitedHealth dropped nearly 11% following reports of a DOJ probe, which the company said it had not been officially notified of.<\/p>\n <\/p><\/div>\nWalmart to raise prices\u00a0<\/h2>\n