US stocks managed to close higher on Friday after spending most of the session in the red, as trade policy uncertainty and recession fears weighed on sentiment. Earlier this week, the Federal Reserve kept interest rates steady while signaling two rate cuts in 2025. Fed Chair Jerome Powell warned that tariffs are driving inflation expectations higher, adding to concerns about economic stability.
At 4:00 pm ET, the Dow Jones Industrial Average jumped 0.08% or 31 points as Boeing Company increased 3.06%. The S&P 500 climbed by 0.08% as Super Micro Computer Inc. surged 7.83%. The Nasdaq 100 rose 0.39% with Tesla advancing 5.25%.
The euro lost 0.33% against the dollar at 4:00 pm ET to sell for $1.08166.
