S&P 500 Hits Record High After $10 Trillion Rally: Markets Wrap

Wall Street traders dodged a flurry of tariff headlines to drive stocks to all-time highs, capping a week that saw a cooling in Middle East risks and signs the US economy is holding up amid subdued inflation. A rally in Treasuries stalled. The dollar advanced.

A surge in equities after April’s meltdown drove the S&P 500 to its first record since February, with the gauge topping 6,170. Nvidia Corp. approached $4 trillion. Big banks passed the Federal Reserve’s stress test, setting the stage for payouts. President Donald Trump touted progress on trade deals with a few countries, naming agreements with China and the UK, while saying he was ending talks with Canada. The loonie fell. Oil saw a plunge for the week.