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Wall Street is looking to put a rough month of trading to rest as the afternoon session is poised to end with some positive momentum, even as the major averages are set to record a losing month.
The S&P 500 (^GSPC) climbed 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) rose about 0.7% after suffering a Nvidia-led (NVDA) sell-off on Thursday. The Dow Jones Industrial Average (^DJI) added 0.6%.
The uptick Friday followed a key inflation reading that largely met expectations, providing some relief to investors. But Trump’s renewed tariff threats have added to global economic uncertainty.
Trump said an extra 10% tariff on Chinese imports would take hold next week. And he said he would follow through on new duties on Mexico and Canada and would impose tariffs on the EU.
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