U.S. equities climbed on the week with the S&P 500 and Nasdaq Composite more than fully reversing prior week losses to post their best weekly performances since June 27. Wall Street “bought the dip”, largely overlooking the return of outsized reciprocal tariffs for nations not yet securing U.S. trade deals. Investors also cheered dovish comments from several Fed officials and news the leading smartphone maker agreed to invest $600B over four years in U.S.-based production.