U.S. Stocks Mixed as S&P 500 Extends Gains, Nasdaq Dips

U.S. equities closed unevenly Thursday, with the S&P 500 advancing 0.4% for its fourth consecutive gain while the Nasdaq Composite slipped 0.2%, snapping a six-session winning streak. The Dow Jones Industrial Average outperformed, rallying 271 points as trade tensions eased following a U.S.-China tariff agreement.

Bond markets signaled economic caution as the 10-year Treasury yield retreated to 4.44% after April’s Producer Price Index unexpectedly fell 0.5% monthly. Retail sales growth slowed sharply to 0.1% from March’s 1.7% surge, with industrial production also contracting marginally.

Walmart’s announced price increases in response to tariffs underscored persistent inflationary pressures, though cryptocurrency markets remained detached from traditional asset movements. No major digital assets were directly referenced in the session’s developments.