President Trump threatened a 35% levy on Canadian imports, higher than the current 25% rate. Wall Street shrugged. Major indexes edged lower in trading Friday, but the losses were small.

This article will be updated throughout the day, so check back often for more daily updates. He’s doing it again. Last night, President Trump widened his trade war-against-the world. After announcing 25%-plus tariffs on more than a dozen countries Tuesday,

The reprieve, while temporary, provided the perfect match to light what had become a deeply oversold stock market, launching a rally so significant that the S&P 500 has risen about 25% in the matter of only three months.

The White House rolled out a series of new tariff announcements this week, yet the S&P 500, Nasdaq, bitcoin, and Nvidia have all notched all-time highs over the last 24 hours. Meanwhile, the VIX — Wall Street’s fear gauge — has collapsed well below its long-run average after surging to historic highs in April.

Asian shares were mixed in cautious trading Friday after Wall Street closed at an all-time high with Delta Air Lines kicking off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally.

U.S. stocks inched higher on Thursday as President Donald Trump's tariff moves continued to dominate headlines. The three major averages opened mixed but have steadily moved upward since. The benchmark S&P 500 (SP500) was last +0.

Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.

Stocks are off to a sluggish start on Wall Street, while Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of 2025.