Stocks closed lower on Wall Street, pulling the S&P 500 and the Nasdaq composite below the records they set a day earlier. The S&P 500 fell 0.3% Friday. The Dow Jones Industrial Average gave back 0.6%. The Nasdaq composite slipped 0.2%. Levi Strauss jumped 11% after the jeans maker easily beat Wall StreetƵs sales and profit targets and raised its full-year forecast, despite expecting higher costs from tariffs. European markets closed broadly lower, and Ƶian markets closed mixed. Treasury yields rose in the bond market. The yield on the 10-year Treasury note climbed to 4.42%.
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Jannik Sinner has overwhelmed a not-fully-fit Novak Djokovic 6-3, 6-3, 6-4 in the Wimbledon semifinals to set up a showdown for the championship against Carlos Alcaraz. Sinner's victory at Centre Court on Friday put him in his first Wimbledon final. Alcaraz defeated Taylor Fritz 6-4, 5-7, 6-3, 7-6 (6) earlier in the day to move within one victory of a third consecutive title at the All England Club. The No. 1-ranked Sinner and No. 2 Alcaraz now head into a rematch of their epic final at the French Open four weeks ago. The 22-year-old Alcaraz is 5-0 so far in Grand Slam title matches. Sinner owns three major trophies.
Fighters with a Kurdish separatist militant group that has waged a decades-long insurgency in Turkey have begun laying down their weapons. About 30 fighters took part in a symbolic ceremony Friday in northern Iraq. The move was the first concrete step toward a promised disarmament as part of a peace process. The Kurdistan WorkersƵ Party, or PKK, announced in May it would disband and renounce armed conflict to end four decades of hostilities. The move came after PKK leader Abdullah Öcalan urged his group in February to convene a congress and formally disband and disarm. Öcalan has been imprisoned on an island near Istanbul since 1999.
Europe and Israel have reached a new deal to allow more food and fuel into Gaza. The European UnionƵs foreign policy chief says the plan could result in Ƶmore crossings open, aid and food trucks entering Gaza, repair of vital infrastructure and protection of aid workers.Ƶ Also on Thursday, an Israeli airstrike killed 14, including 9 children, waiting outside a medical clinic to receive critical nutritional supplements and other care. The Israeli military says it was targeting a militant when it struck near the clinic. Prime Minister Benjamin Netanyahu said Israel continues to pursue a deal for a 60-day pause in the fighting and the release of half of the hostages still held in Gaza.
Canadian Prime Minister Mark Carney says Canada will keep working toward a new trade framework with the United States despite U.S. President Donald Trump saying he'll raise taxes on many imported goods from Canada to 35%. Trump's move deepens a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance. Trump's letter Thursday to Carney is an aggressive increase to the top 25% tariff rates the Republican president first imposed in March after months of threats. Carney says through the current trade negotiations with the U.S., Canada has defended its workers and business. Stock market futures are down Friday, a sign TrumpƵs tariff letters may be concerning investors.
Either Amanda Anisimova or Iga Swiatek will leave the All England ClubƵs grass courts as WimbledonƵs eighth consecutive first-time womenƵs champion. They will play in the final on Saturday. Swiatek has won five Grand Slam titles but never been to the final at Wimbledon before. Anisimova is making her debut in a major title match. Swiatek is a 24-year-old from Poland who spent most of the 2022, 2023 and 2024 seasons ranked No. 1. Anisimova is a 23-year-old from the United States who is climbing her way to the top of the game after leaving the tour in 2023 because of burnout.
Brazilian President Luiz Inácio Lula da Silva says he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50%. LulaƵs comments raise the risk of a tariffs war erupting between the two countries, similar to what has happened between the U.S. and China. Trump has vowed to respond forcefully if countries seek to punish the U.S. The letter that Trump sent to Brazil on Wednesday railing against the Ƶwitch huntƵ trial against former President Jair Bolsonaro opened up a new front in his trade wars.
U.S. President Donald TrumpƵs praise of the ƵbeautifulƵ English of LiberiaƵs President Joseph Boakai has drawn confusion in the English-speaking African country. Many Liberians considered the remarks condescending. ƵSuch good English,Ƶ Trump said to Boakai during an event at the White House, with visible surprise. ƵSuch beautiful English.Ƶ Although English is Liberia's official language, Trump asked Boakai where he had learned to speak it Ƶso beautifully,Ƶ and asked: ƵWhere were you educated? Where? In Liberia?Ƶ BoakaiƵs government said no offense was taken by TrumpƵs remarks, but other groups in Liberia described the remarks as an insult. The White House declined to comment on whether Trump was aware that English was LiberiaƵs official language.
Britain and France have agreed to a pilot plan that will send some migrants who cross the English Channel on small boats back to France as the U.K. government struggles to tamp down criticism that it has lost control of the countryƵs borders. U.K. Prime Minister Keir Starmer and French President Emmanuel Macron announced the deal Thursday in London. While the initial program will involve a limited number of people, U.K. officials suggest it is a major breakthrough because it sets a precedent that migrants who reach Britain illegally can be returned to France.
Stock indexes closed higher on Wall Street, enough to nudge the S&P 500 and the Nasdaq composite to more records. The S&P 500 rose 0.3% Thursday, and the Nasdaq edged up 0.1%. It was the second all-time high in a row for the Nasdaq. The Dow Jones Industrial Average added 0.4%. Delta Air Lines led a rally in airline stocks after issuing a solid outlook for the rest of 2025. Delta soared 12%, and United Airlines climbed 14.3%. Cereal maker WK Kellogg jumped 30.6% after agreeing to be acquired by Nutella maker Ferrero Group. Copper prices rose.