Wall Street hits one-week high as optimism grows over Trump tariffs

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Wall Street hits one-week high as optimism grows over Trump tariffs - Business Standard

Quick Summary:

Advancing issues outnumbered decliners by a 2.16-to-1 ratio on the NYSE and by a 2.17-to-1 ratio on the Nasdaq.

US stocks rebounded sharply on Friday after a string of losses in December and the first few sessions of the new year, when concerns about high valuations, rising Treasury yields and thin liquidity saw traders pull back after a strong 2024 run.

Nine out of the 11 S&P 500 sectors advanced with tech stocks leading gains, up 1.6 per cent.