U.S. stocks ended flat Friday as markets awaited earnings season and Trump’s credit card rate proposal weighed on financials.

U.S. stocks ended nearly flat Friday amid cautious trading ahead of a long weekend and the start of the fourth-quarter earnings season. The S&P 500 and Nasdaq posted small weekly losses, while the Dow declined slightly, as financials struggled under concerns over President Trump’s proposed 10% cap on credit card interest rates. Semiconductor stocks rose 1.1% to 1.2%, outperforming the broader market, while investors shifted toward mid- and small-cap stocks, with the Russell 2000 hitting a record high. Analysts expect increased volatility following options expiration, with earnings from Netflix, Johnson & Johnson, and Intel ahead.