- Stocks are surging Friday after President Donald Trump dialed down his tariffs, progress in North Korea, and a strong jobs report.
- All of the major averages are up at least 1%.
- Steel stocks are a notable laggard.
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Stocks surge on optimism around tariffs, North Korea, and jobs
All of the major averages are up at least 1%.
US equity markets are surging Friday as traders digest a plethora of macro news.
All three of the major benchmarks are posting gains of at least 1% following a dialing down of President Donald Trump's tariffs, progress in North Korea, and a strong jobs report.
The good news started to flow Thursday afternoon following Trump's announcement that while his tariffs on aluminum and steel would start in 15 days, Canada and Mexico would be exempt and other trading partners would be looked at on a case by case basis if they submitted a request.
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Then, Thursday evening, Trump, through
Optimism surrounding the jobs report has weighed on US Treasurys, running the 10-year yield up 5 basis points to 2.91%, its highest in about two weeks.
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