News Highlights: Top Global Markets News of the Day - Friday at 5 PM ET

US equity indexes fell this week as rising inflation expectations and nonfarm payroll revisions compounded the hit to sentiment from mega-cap technology earnings and upcoming reciprocal punitive tariffs.

* The S&P 500 closed at 6,025.99 on Friday, versus 6,040.53 a week earlier, and the Nasdaq Composite stood at 19,523.40 compared with 19,627.44 a week prior. The Dow Jones Industrial Average stood at 44,303.40 versus 44,544.66 a week ago.

* The University of Michigan's preliminary consumer sentiment index fell to 67.8 in February from 71.1 in January, below expectations for an increase to 71.8. Respondents saw one-year inflation expectations surge to 4.3%, the highest since November 2023, from 3.3% in January. Five-year inflation expectations rose to 3.3% from 3.2% the month prior, the highest since 2008 according to data compiled by Trading Economics.

* Nonfarm payrolls rose by 143,000 in January, missing the 175,000 consensus. But, December's gain was revised higher by 51,000 to 307,000, and a November revision added 49,000. Wildfires in Southern California and severe winter weather had "no discernible effect" on jobs, the Bureau of Labor Statistics said.

* Amazon.com reported higher Q4 earnings and net sales, but its Q1 sales guidance lagged analyst expectations. Alphabet's Q4 revenue trailed estimates while Advanced Micro Devices reported weaker-than-expected data center sales for Q4 and guided to a sequential drop in Q1 sales. Shares of Apple (APPL), Alphabet, Tesla , and Amazon were among the 10 worst performers out of the mega-caps this week.

* President Donald Trump said Friday he plans to announce reciprocal tariffs next week, Reuters reported. "I'll be announcing that next week, reciprocal trade, so that we're treated evenly with other countries," Trump said.

US equity indexes fell this week as rising inflation expectations and nonfarm payroll revisions compounded the hit to sentiment from mega-cap technology earnings and upcoming reciprocal punitive tariffs.

* The S&P 500 closed at 6,025.99 on Friday, versus 6,040.53 a week earlier, and the Nasdaq Composite stood at 19,523.40 compared with 19,627.44 a week prior. The Dow Jones Industrial Average stood at 44,303.40 versus 44,544.66 a week ago.

* The University of Michigan's preliminary consumer sentiment index fell to 67.8 in February from 71.1 in January, below expectations for an increase to 71.8. Respondents saw one-year inflation expectations surge to 4.3%, the highest since November 2023, from 3.3% in January. Five-year inflation expectations rose to 3.3% from 3.2% the month prior, the highest since 2008 according to data compiled by Trading Economics.

* Nonfarm payrolls rose by 143,000 in January, missing the 175,000 consensus. But, December's gain was revised higher by 51,000 to 307,000, and a November revision added 49,000. Wildfires in Southern California and severe winter weather had "no discernible effect" on jobs, the Bureau of Labor Statistics said.

* Amazon.com reported higher Q4 earnings and net sales, but its Q1 sales guidance lagged analyst expectations. Alphabet's Q4 revenue trailed estimates while Advanced Micro Devices reported weaker-than-expected data center sales for Q4 and guided to a sequential drop in Q1 sales. Shares of Apple (APPL), Alphabet, Tesla , and Amazon were among the 10 worst performers out of the mega-caps this week.

* President Donald Trump said Friday he plans to announce reciprocal tariffs next week, Reuters reported. "I'll be announcing that next week, reciprocal trade, so that we're treated evenly with other countries," Trump said.

The Standard & Poor's 500 index began February with a 0.2% weekly decline as January job gains came in slightly below expectations and US consumer sentiment reached its lowest level since July.

The S&P 500 ended Friday's session at 6,025.99, marking its second consecutive week in the red. It's still up 2.5% for the year.

Government data on Friday showed the US economy added fewer jobs than expected in January, with total nonfarm payrolls up by 143,000 last month versus a consensus estimate for a 175,000 increase. The unemployment rate, however, unexpectedly improved to 4% from December's 4.1%. The rate had been expected to stay at 4.1% for January.

Other data showed US consumer sentiment reached its lowest level since July, while year-ahead inflation expectations hit their highest level since November 2023, according to preliminary February results from the University of Michigan's Surveys of Consumers. The survey indicated concerns regarding the negative impact of the Trump administration's tariff policy.

The consumer discretionary sector had the largest percentage drop of the week, falling 3.6%, followed by a 2.1% decline in communication services. Industrials, materials and health care were also in the red.

Among the decliners in consumer discretionary, Tesla shares fell 11% on the week amid reports that the electric vehicle maker's sales of China-made electric vehicles fell 11.5% year over year to 63,238 units in January. Also, the US Federal Highway Administration said in a letter posted online Friday that it is suspending the approval of all State Electric Vehicle Infrastructure Deployment plans for all fiscal years.

In communication services, shares of Google parent Alphabet shed 9.2%. The company reported Q4 earnings above analysts' expectations but its revenue missed the Street view, prompting many analysts to lower their price targets on the stock.

However, consumer staples rose 1.6%, followed by a 1.3% gain in real estate and a 1% rise in energy. Technology, financials and utilities also edged higher.

In consumer staples, Philip Morris International shares jumped 11% as the company reported Q4 results above analysts' expectations. Philip Morris also forecast 2025 adjusted EPS above analysts' mean estimate at the time.

In real estate, shares of Essex Property Trust rose 2.7% as the real estate investment trust's Q4 core funds from operations surpassed analysts' mean estimate while revenue also topped the Street view.

Next week's earnings calendar features McDonald's (MCD), Coca-Cola (KO), S&P Global (SPGI), Cisco Systems (CSCO), Applied Materials (AMAT) and Deere (DE).

Economic data will include two closely watched inflation figures: the consumer price index and producer price index for January. There will also be reports on January retail sales, industrial production and capacity utilization.

The Standard & Poor's 500 index began February with a 0.2% weekly decline as January job gains came in slightly below expectations and US consumer sentiment reached its lowest level since July.

The S&P 500 ended Friday's session at 6,025.99, marking its second consecutive week in the red. It's still up 2.5% for the year.

Government data on Friday showed the US economy added fewer jobs than expected in January, with total nonfarm payrolls up by 143,000 last month versus a consensus estimate for a 175,000 increase. The unemployment rate, however, unexpectedly improved to 4% from December's 4.1%. The rate had been expected to stay at 4.1% for January.

Other data showed US consumer sentiment reached its lowest level since July, while year-ahead inflation expectations hit their highest level since November 2023, according to preliminary February results from the University of Michigan's Surveys of Consumers. The survey indicated concerns regarding the negative impact of the Trump administration's tariff policy.

The consumer discretionary sector had the largest percentage drop of the week, falling 3.6%, followed by a 2.1% decline in communication services. Industrials, materials and health care were also in the red.

Among the decliners in consumer discretionary, Tesla shares fell 11% on the week amid reports that the electric vehicle maker's sales of China-made electric vehicles fell 11.5% year over year to 63,238 units in January. Also, the US Federal Highway Administration said in a letter posted online Friday that it is suspending the approval of all State Electric Vehicle Infrastructure Deployment plans for all fiscal years.

In communication services, shares of Google parent Alphabet shed 9.2%. The company reported Q4 earnings above analysts' expectations but its revenue missed the Street view, prompting many analysts to lower their price targets on the stock.

However, consumer staples rose 1.6%, followed by a 1.3% gain in real estate and a 1% rise in energy. Technology, financials and utilities also edged higher.

In consumer staples, Philip Morris International shares jumped 11% as the company reported Q4 results above analysts' expectations. Philip Morris also forecast 2025 adjusted EPS above analysts' mean estimate at the time.

In real estate, shares of Essex Property Trust rose 2.7% as the real estate investment trust's Q4 core funds from operations surpassed analysts' mean estimate while revenue also topped the Street view.

Next week's earnings calendar features McDonald's (MCD), Coca-Cola (KO), S&P Global (SPGI), Cisco Systems (CSCO), Applied Materials (AMAT) and Deere (DE).

Economic data will include two closely watched inflation figures: the consumer price index and producer price index for January. There will also be reports on January retail sales, industrial production and capacity utilization.

In New York, the Dow Jones Index decreased 444 points or 0.99 percent on Friday.

Losses were driven by Nike (-4.29%), Amazon (-3.90%) and Apple (-2.35%).

Biggest rises came from Nvidia (0.96%), Coca-Cola (0.73%) and Chevron (0.39%).

CoinDesk Bitcoin Price Index is down $1141.42 today or 1.18% to $95752.70

• Lowest 4 p.m. level since Jan. 13, 2025, when it traded at $93562.06
• Down seven of the past eight days
• Down four consecutive days, down 5.42% over this period
• Longest losing streak since Nov. 26, 2024, when it fell for four straight trading days
• Down 5.78% month-to-date
• Up 2.5% year-to-date
• Down 10.29% from its all-time high of $106734.51 on Dec. 17, 2024 (based on 4 p.m. levels)
• Up 101.40% from 52 weeks ago (Feb. 9, 2024), when it traded at $47543.32
• Down 10.29% from its 52-week high of $106734.51 on Dec. 17, 2024 (based on 4 p.m. levels)
• Up 101.40% from its 52-week low of $47543.32 on Feb. 9, 2024 (based on 4 p.m. levels)
• Traded as low as $95683.75
• Down 1.25% at today's intraday low

Note: CoinDesk Bitcoin Price Index (XBX) at 4 p.m. ET close

Data compiled by Dow Jones Market Data