Reciprocal Tariff Pivot Fuels Buying Bounce
U.S. stocks wrapped up an intensely volatile week in the plus column despite being whipsawed by a flurry of trade tariff developments. The CBOE VIX Volatility Index spiked above 50 on Tuesday before dropping back to 37 on Friday. On Wednesday, the S&P 500 sharply advanced over 9.5% after President Trump temporarily dropped reciprocal tariffs to 10% for 90-days for nations that had not retaliated and sought negotiated trade deals. The pause allows trade deal negotiations on over 75 nations.
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