US stocks post second straight weekly loss

US stock indices were mixed on Friday, but posted losses for the second consecutive week amid renewed geopolitical tensions, after President Donald Trump announced the deployment of warships toward Iran.

Dow Jones Industrial Average fell 0.58% (285 points) to 49,098, posting a weekly decline of 0.53%.

S&P 500 closed flat at 6,915, but slipped 0.35% over the week, marking its second straight weekly loss.

Meanwhile, Nasdaq Composite rose 0.28% (65 points) to 23,501, finishing the week little changed.

The Stoxx Europe 600 closed flat at 608 points, but declined 0.98% over the week.

UK's FTSE 100 was unchanged at 10,143, logging a weekly loss of 0.90%. France's CAC 40 also stabilized at 8,143. Meanwhile, Germany's DAX gained 0.18% to 24,900, though it recorded a weekly loss of 1.57%.

Japan's Nikkei 225 advanced 0.30% to 53,846, while the broader Topix rose 0.35% to 3,629, narrowing their weekly losses to 0.15% and 0.80%, respectively.

As for Commodities, Brent crude for March delivery rose 2.84% ($1.82) to $65.88 per barrel, posting a weekly gain of 2.73%. WTI crude for March delivery increased 2.88% ($1.71) to $61.07 per barrel, up 2.74% for the week.

Gold futures for February delivery jumped 1.35% ($66.3) to $4,979.70 per ounce, marking its sixth record close in 2026 and delivering weekly gains of 8.4%—the strongest since the onset of the pandemic in 2020.

What’s Driving Markets?

Wall Street remained under pressure amid persistent geopolitical uncertainty. While Trump reached an agreement with NATO regarding Greenland—details of which remain unclear—he also announced the deployment of US naval vessels toward Iran, warning Tehran against resuming its nuclear program.