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US Stocks Drift as Wall Street Heads for the Finish of a Big Winning Week

U.S. Stocks edged higher on Friday, with the S&P 500 up 0.1% and heading for a 4.6% rise for the week, near its February record.
This follows a 90-day trade war pause announced by the U.S. And China, which eased some market uncertainty caused by tariffs and their supply chain impact.
Markets saw mixed global movements, as Asian indexes like Hong Kong’s Hang Seng and Shanghai Composite declined slightly while others such as Australia’s S&P/ASX 200 and South Korea’s Kospi advanced modestly.
Jerome Powell, head of the Federal Reserve, cautioned that tariffs may lead to ongoing supply disruptions and increased prices for goods, while stronger inflation data this week helped alleviate some market concerns.
The trade war pause contributed to a strong week on Wall Street, though uncertainty remains about future tariff actions and their potential economic effects.

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