One small study suggests any psychological benefits come from users’ expectations — the placebo effect. But the science is still new and research is ongoing.
The impact was limited though, and futures for U.S. stock indexes quickly pared their losses. Since Wednesday’s ruling, analysts and investors have been saying Trump and his administration would likely look for new avenues to impose tariffs on trading partners.Trump has said he’s using tariffs to bring manufacturing jobs back to the United States and that U.S. households and businesses may feel some pain in the process.
Friday’s most influential losses came from several Big Tech stocks.fell 2.9% to give back some of its gain from earlier in the week after it topped analysts’ expectations for profit in the latest quarter. It was the single heaviest weight by far on the S&P 500.On the winning side of Wall Street was Ulta Beauty, which rose 11.8% after the retailer reported stronger sales and profit than analysts forecast. It also raised the top end of its forecasted range for revenue this fiscal year even though CEO Kecia Steelman called the operating environment “fluid.”
Costco climbed 3.1% after the retailer’s results and revenue for the latest quarter edged past analysts’ expectations.Red Robin Gourmet Burger soared 62.9% after reporting a profit for the latest quarter, when analysts expected a loss.
Shares of SharpLink Gaming fell 3.2% to trim their gain for the week to a still-whopping 1,041.4% after the marketing company said it would raise $425 million to buy the cryptocurrency on the Ethereum blockchain. The company delivers leads to U.S. sportsbooks and global casino companies, and it has been expanding into the global crypto gaming market.
All told, the S&P 500 edged down 0.48 to 5,911.69 points. The Dow Jones Industrial Average rose 54.34 to 42,270.07, and the Nasdaq composite slipped 62.11 to 19,113.77.Another painting in the exhibit is of
, by the Jamaican artist Kapo, whose given name was Mallica Reynolds. Flack and Reynolds had become close in the 1970s after she saw his works on display in a hotel in Jamaica, and Flack set up a foundation for the artist so he could concentrate on his work without worrying about finances.When Kapo’s house burned down, it was Flack who helped him rebuild, and her support allowed him to stay in his hometown and continue his art. It was one of many obstacles that he overcame, said his daughter, Christine Reynolds, who came to see the exhibition.
“Seeing his painting on view in `Somewhere to Roost’ is yet another signal that his work made it through,” she said. “I feel pride, vindication and joy, and I only wish I had him at the museum next to me so that I could watch his reaction to seeing it.”A photograph by Margaret Morton entitled “Mr. Lee’s Home” shows a makeshift dwelling that was part of a lower Manhattan homeless encampment in the 1980s and early ‘90s. It and some other shelters were