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US stocks closed mixed on Friday with the Nasdaq 100 ( ^NDX ) notching a record high close to cap a busy week of tariff hikes, inflation updates, and retail sales data, which fell short of estimates.

The S&P 500 ( ^GSPC ) dropped slightly while the Nasdaq Composite ( ^IXIC ) rose 0.4% to close out its best week of 2025. Both indexes gained for a third consecutive week. Meanwhile, the Dow Jones Industrial Average ( ^DJI) fell almost 0.3%, following Thursday's sharp gains .

Retail sales booked their biggest monthly drop in a year, down 0.9% in January — significantly below the 0.2% expected. The report out Friday wrapped up a week of key data, with inflation top of mind after two hot readings dragged on hopes for interest rate cuts.

Markets took a pause following this week's fast-moving stream of policy shifts from President Donald Trump. These ranged from 25% tariffs on steel and aluminum to Ukraine peace talks with Russia to a review of CHIPS Act terms for projects.

But stocks are still on track for solid weekly wins, having jumped on Thursday as Wall Street welcomed a delay in implementation of reciprocal tariffs . Meanwhile, on Friday, Trump told reporters he would unveil new tariffs against automobiles around April 2.

Among Friday's big stock movers, Airbnb ( ABNB ) shares jumped after the travel company beat analyst expectations . GameStop ( GME ) shares popped amid speculation the games retailer will move into bitcoin . On Friday, Moderna ( MRNA ) posted a bigger-than-expected earnings loss, sending down shares of the struggling vaccine maker .