Uncertainty Intensifies Around Tariffs
U.S. equities ended lower for another week with the S&P 500 falling into correction (-10%) territory on Thursday for the first time since October 2023. However, the S&P 500 rebounded strongly on Friday, up 2.13% to cut weekly losses nearly in half after a short-term spending bill was approved to avoid a government shutdown. Uncertainty surrounding trade tariffs remains a major overhang for investors.
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