U.S. stocks edged higher Friday as investors digested Trump's new selection to temporarily fill a vacancy on the Fed's Board of Governors and assessed an ebbing stream of corporate earnings.
At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average rose 145 points, or 0.3%, the S&P 500 index gained 16 points, or 0.3%, and the NASDAQ Composite climbed 52 points, or 0.3%.
The main averages are on pace for weekly gains, with the tech-heavy NASDAQ Composite the star of the show, poised for a 2.9% gain before this session.
The Trump administration's tariffs took effect from Thursday, imposing import duties as high as 50% on regional economies.
Several countries have thrashed out trade deals with the U.S., including the European Union, reducing their tariff levels, but investors remained on edge over the economic impact of the duties.
A rise in weekly jobless claims on Thursday added to signs of a further cooling in the labor market, especially after last week's disappointing jobs report.
These readings have furthered bets that the Federal Reserve will cut interest rates in September.
Source: Reuters
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