NEW YORK: Major US indices surged to records on Friday following standout earnings from Google, Starbucks and others and as investors anticipated an expected Federal Reserve interest rate cut next week.
The records reflect positive investor sentiment midway through an earnings season that is seen as generally topping forecasts. The new records came as President Donald Trump both warned of retaliatory tariffs on French wine due to a French tax on American tech giants and also threatened to withdraw recognition of China's"developing nation" status at the World Trade Organization.
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