Wall St Ends Higher After Fed Chief's Comments, but Posts Big Weekly Loss
U.S. stocks finished higher on Friday, rebounding from early declines after Federal Reserve Chair Jerome Powell said the economy was "in a good place," but uncertainty about U.S. trade policy led to Wall Street's biggest weekly decline in months. The benchmark S&P 500 finished with its biggest weekly loss since September. Stocks have been volatile this week due to the ongoing trade tensions, which have raised concerns among investors. Powell's comments did little to alleviate these fears.
- The uncertainty surrounding U.S. trade policy and its impact on investor sentiment highlights the growing reliance of Wall Street on Fed guidance, underscoring the need for clear communication from central banks to stabilize markets.
- Can the market recover from this week's losses once President Trump implements his promised tariffs on imported goods from Canada and Mexico?