Wild week for stocks, bonds and the dollar as tariff war rages
U.S. financial markets wrapped up one of their most volatile weeks since the COVID-19 pandemic as President Donald Trump plays fast and furious with his tariff plan that prompted retaliation from China.
When the dust settled, all three of the major benchmarks recorded gains on Friday, which added to the weekly advance.
The Dow Jones Industrial Average gained 5% for the week, the S&P 500 nearly 6% and the Nasdaq Composite 7%.
Still, the three major indexes remain negative for the year.