By Chelsey Dulaney
Stocks are on track to end another tumultuous week on the back foot.
U.S. indexes continued Thursday's declines, with the tech-heavy Nasdaq leading losses. The S&P 500 and Dow industrials are holding on to small gains for the week, following a brief relief rally when the Federal Reserve held its projections for interest-rate cuts broadly unchanged. But concerns over the impact of President Trump's trade policies hang over markets.
Meanwhile, the shutdown of London's Heathrow Airport, a major international hub, snarled air travel and knocked European airline stocks.
In recent trading:
Stock futures slipped. Nike and FedEx shares sold off in early trading after disappointing earnings.
Treasury yields edged lower. On Thursday, the 10-year yield settled at 4.233%.
European, Chinese and Japanese stocks dropped. Airline stocks including British Airways parent IAG fell in Europe.
Copper prices eased. Futures for the metal fell as much as 1%, after coming within striking distance Thursday of a new record high.
Coming up next week:
Consumer-sentiment data and the Fed's preferred inflation gauge.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
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(END) Dow Jones Newswires
March 21, 2025 09:43 ET (13:43 GMT)
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