An early rally faded on Friday and the Dow just missed out on closing at its first record high of the year. US stocks were mixed on Friday. The Dow closed higher by 35 points, or 0.08%. Meanwhile, the S&P 500 fell 0.

Investors received a handful of fresh economic reports Friday morning. The data didn't have much of an impact on markets. The advance reading on retail sales arrived in-line with the median forecast from a survey of economists conducted by The Wall Street Journal,

Forecast-beating PMI prints helped to limit losses, but markets remain concerned about rate cut forecasts.

The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.

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The Nasdaq and S&P 500 slid on Tuesday driven by tech stocks, as investors gear up for what Federal Reserve chair Jerome Powell will say about the path of interest rates at a key conference later in the week.

The Dow Jones Industrial Average moved higher on Tuesday as Home Depot (NYSE:HD) shares rose after the retailer reaffirmed its annual guidance, keeping attention on the strength of U.S. consumer spending.

Regardless of what's thrown Wall Street's way, the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite always find a way to power through it over the long run. Not even stagflation fears precipitated by President Trump's tariff and trade policy can keep these major stock indexes from hitting new highs over the long run.