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U.S. stocks rally, but market outlook remains hazy amid Trump’s tariffs

The S&P 500 was one per cent higher in morning trading, a day after closing more than 10 per cent below its record for its first “ correction ” since 2023.



Stocks rallied Friday, but not enough to avoid a potential fourth straight losing week for Wall Street. Market outlook remains uncertain due to Trump's tariffs and their impact on consumer and business confidence. Concerns linger about potential economic pain, despite a solid job market and economy. Gains in Big Tech and AI stocks, along with positive news from Chinese regulators, helped boost markets abroad.

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