The slouch was slight compared to the market reaction to Trump’s initial “Liberation Day” announcement of “reciprocal” tariffs on April 2.

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Investors continued piling into risk assets while shrugging off worries around the latest in trade developments.

The Dow Jones Industrial Average remained lower Friday afternoon, while the Nasdaq Composite flipped green. Traders were practicing caution amid concerns over potential further tariff announcements during the weekend,

Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on Japan, South Korea and other nations, set to take effect on Aug. 1.

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U.S. stock indexes were headed for weekly losses on Friday as investors tried to gauge whether President Donald Trump's wave of new tariffs will stick after his new Aug. 1 deadline for trade deals. The Dow Jones Industrial Average was off 1% for the week,

The stock market pulled back from record levels during a sleepy Friday session, as a gauntlet of key earnings and inflation reports loomed. The Dow Jones Industrial Average dropped 279 points, or 0.6%.