US stocks closed higher on Friday, marking a fourth straight session of gains, driven by strength in Big Tech, while President Trump's latest tariff remarks kept trade tensions in the spotlight. The S&P 500 rose 0.7%, the Nasdaq gained 1.1%, and the Dow gained 20 points. Trump's suggestion of a 50% tariff would be a "total victory" added to uncertainty, while Beijing dismissed claims that talks were ongoing, offsetting optimism from China's decision to exempt some US goods from tariffs. Alphabet shares rose 1.5% after beating earnings estimates, declaring its first dividend, and unveiling a $70 billion share buyback plan. Tesla jumped 9.8% after new self-driving car rules were unveiled. Intel fell 7% on weak guidance, and T-Mobile dropped 11% on weak subscriber growth. Next week, Amazon, Apple, and MetaTrader—another member of the "Magnificent Seven"—are all set to report earnings. Wall Street posted solid weekly gains, with the S&P 500 up 4%, the Nasdaq up 6%, the Dow up 2%. (Newsmaker23)
Source: Trading Economics
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