U.S. stocks climbed to new all-time highs Friday as investors reacted to a trifecta of favorable developments: inflation continuing to cool despite tariffs, the end of the Iran-Israel war, and growing signs that President Trump’s tax legislation is advancing in Congress.
The S&P 500 rose 0.52 percent to finish at a record 6,173.07. The Nasdaq Composite and Dow Jones Industrial Average also closed at historic highs, powered by gains in technology, energy, and industrial shares. Markets briefly dipped midday after Trump announced an end to trade talks with Canada but recovered quickly to finish the day firmly in positive territory.
The rally…
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