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Stock market live Friday: Stocks end day mixed, S&P jumps 3% for the week, no mention of tariffs by Trump

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“This is an emergency of a nature that we haven’t really seen before,” Fed Chair Powell says about the coronavirus crisis. “At the beginning of this, my colleagues and I really saw that we needed to be using our tools to their fullest extent.”

The S&P 500 moved higher in the final hour of trading after President Donald Trump made no mention of tariffs during his press conference on China. All the major averages ended the week higher, with the Dow Jones Industrial Average turning in its best week since early April.The Nasdaq gained 1.29% on Friday for its fourth positive day in five and its best day since May 20For the month the Nasdaq gained 6.75%, its second straight positive monthThe Nasdaq is 43.

All sectors finished the week higher, led by financials, which gained 6.58% in its best week since early April4:00 pm: Stocks end volatile session mixed

 

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Post Corona economy will need bold measures. That means low taxes, low oil prices and tax free income from equity.

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