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NEW YORK (Reuters) -U.S. stocks followed their European counterparts lower and the dollar strengthened on Friday with few catalysts to stoke investor risk appetite amid lingering economic uncertainties and churning geopolitical tension. Chicago Federal Reserve President Austan Goolsbee said on Friday that it was an open question whether U.S. President Trump's whirlwind tariff actions would lead to persistent inflation and the Fed needed more time to "sort through" the manner in which the tariffs played out. A spate of central bank policy meetings held investors' focus for much of the week, with the U.S. Federal Reserve, the Bank of Japan and the Bank of England all holding rates steady.

Nvidia stock has been stuck in a narrow range for the last year. On Thursday, it flashed a downbeat technical signal that could mean losses ahead for investors.

(Bloomberg) -- Meituan’s results due later Friday will help assess if its share price upside is as promising as sell-side analysts suggest. Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNYC Plans for Flood Protection Without Federal FundsThey estimate the stock will rise

Carvana shares gained Thursday as analysts at Piper Sandler advised buying the dip in the online used car retailer's stock after a recent selloff.

Lennar Corp reported lower first-quarter profit on Thursday, as high mortgage rates and house prices deterred potential buyers, sending shares down 4% after the bell. "While demand remains strong, persistently higher interest rates and inflation, combined with a downturn in consumer confidence and a limited supply of affordable homes, made it increasingly difficult for consumers to access homeownership," said co-CEO Stuart Miller. For the first quarter ended February 28, Lennar reported a decline in average sales price to $408,000, 1% lower than last year, reflecting continued weakness in the market.

Volatility Shares is launching two Solana futures ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).

Educational publishing and media company Scholastic (NASDAQ:SCHL) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 3.6% year on year to $335.4 million. Its GAAP loss of $0.13 per share was 83.3% above analysts’ consensus estimates.

The parent company behind Temu disappointed investors with revenue that missed estimates, as consumer activity in China remains sluggish.

Economists, consumers, and business leaders are antsy. Wall Street analysts are bullish. The share of S&P 500 stock ratings that are bullish is currently at its highest level since August 2022.

Parcel and cargo delivery company FedEx (NYSE:FDX) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 1.9% year on year to $22.16 billion. Its non-GAAP profit of $4.51 per share was 2.6% below analysts’ consensus estimates.