New Zealand's benchmark S&P/NZX 50 index inched 0.15% lower to close at 13,696 on Friday, as investors turned cautious ahead of a potential US court ruling on the legality of President Trump's tariffs later today. Market participants were also awaiting the US jobs report, which could provide further insight into the Federal Reserve's interest rate outlook. Among the laggards were Fisher & Paykel (-1.2%), Meridian Energy (-0.2%), Infratil (-1.5%), and Fletcher Building (-1.05%). Meanwhile, gains in Auckland Intl Airport (+0.5%), Ebos Group (+0.15%), Spark NZ (+0.4%), and Ryman Healthcare (+0.7%) helped offset some of the losses. Despite Friday's decline, the NZX 50 was up 1.1% for the week, marking its first weekly advance of 2026 and remaining within record territory.