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INVESTORS READY FOR MORE US RETAIL RESULTS NEXT WEEK

Investors are preparing for a slew of results from retailers next week including from Target TGT.N, Home Depot HD.N and Lowe's LOW.N as worries eased this week about the U.S.-China trade conflict.

The U.S. and China announced on Monday they would slash steep tariffs on each other for 90 days.

Investors have worried about higher prices for consumers as a result of the trade war, and Walmart WMT.N said this week that the high costs of tariffs may mean it cannot keep from passing on higher prices to shoppers in the near-future, even as it reported U.S. comparable sales that surpassed expectations for the first quarter.

The overall U.S. earnings season is winding down, with 460 of the S&P 500 companies having reported as of Friday.

Year-over-year S&P 500 earnings growth for the first quarter of 2025 is now estimated at 14.3%, up from 8% at the start of April, according to LSEG data.

Estimates for the second quarter and full year have come down, however, with second-quarter profit growth now seen at 5.9% versus 10.2% at the start of April and full-year 2025 profit growth seen at 8.5% versus 10.5% at the start of April.

(Caroline Valetkevitch)

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FRIDAY'S EARLIER LIVE MARKETS POSTS:

TREASURY YIELDS MAY FALL WITH MORE CLARITY ON U.S. BUDGET - CLICK HERE

INDIVIDUAL INVESTOR BULLS ADVANCE, BEARS RETREAT - AAII CLICK HERE

OVERCAST WITH CHANCE OF RAIN: UMICH, HOUSING STARTS/PERMITS, IMPORT PRICES CLICK HERE

U.S. STOCKS POST MODEST GAINS, BUT MARKED UP BIG FOR THE WEEK CLICK HERE

SOME BLURRED LINES, BUT GROWTH VS VALUE EYES RECORD HIGHS CLICK HERE

SCOPE FOR EUROPE'S BANKS TO UPGRADE GUIDANCE CLICK HERE

EUROPEAN CONSUMER STAPLES' H2 RECOVERY HOPES "MAY PROVE OPTIMISTIC" - MS CLICK HERE

LESSONS FROM APRIL'S TARIFF TURMOIL CLICK HERE

EUROPE IN THE GREEN, SET FOR FIFTH WEEKLY RISE CLICK HERE

EUROPE BEFORE THE BELL: STOCKS SET TO ROUND OFF POSITIVE WEEK IN THE GREEN CLICK HERE

TRADE-DRIVEN RALLY ENDS THE WEEK WITH A WHIMPER CLICK HERE