Stocks Rally to Close Out Big Week as Bonds Slip: Markets Wrap

Wall Street brushed aside concerns about the Trump administration’s tariff regime to send US stocks to all-time highs in the first trading week of the new year. Bonds remained under pressure.

The S&P 500 rose 0.6% Friday to a record while the Nasdaq 100 jumped 1%. Stocks had dipped briefly after the Supreme Court failed to weigh in on the fate of President Donald Trump’s import levies with consumer names, like Mattel Inc. and Deckers Outdoor Corp., left out of the rally. Small-cap and blue-chip benchmarks hit new peaks as equity gains broadened beyond just big tech names.