U.S. stocks drifted to a mixed finish as President Donald Trump’s tariffs on dozens of countries had only a muted effect on markets worldwide.
The S&P 500 slipped 0.1 percent Thursday. The Dow Jones Industrial Average dipped 0.5 percent, and the Nasdaq composite rose 0.3 percent.
Worries are high that recent tariffs are hurting the economy, particularly after last week’s worse-than-expected job market report. But hopes for coming cuts to interest rates by the Federal Reserve and a torrent of stronger-than-expected profit reports from big U.S. companies are helping to offset the concerns, at least for now. Treasury yields ticked higher.
On Thursday:
The S&P 500 fell 5.06 points, or 0.1 percent, to 6,340.
The Dow Jones Industrial Average fell 224.48 points, or 0.5 percent, to 43,968.64.
The Nasdaq composite rose 73.27 points, or 0.3 percent, to 21,242.70.
The Russell 2000 index of smaller companies fell 6.57 points, or 0.3 percent, to 2,214.72.
For the week:
The S&P 500 is up 101.99 points, or 1.6 percent.
The Dow is up 380.06 points, or 0.9 percent.
The Nasdaq is up 592.56 points, or 2.9 percent.
The Russell 2000 is up 47.94 points, or 2.2 percent.
For the year:
The S&P 500 is up 458.37 points, or 7.8 percent.
The Dow is up 1,424.42 points, or 3.3 percent.
The Nasdaq is up 1,931.90 points, or 10 percent.
The Russell 2000 is down 15.44 points, or 0.7 percent.
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