S&P 500, Dow slip as trade-fueled rally pauses
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US stocks ended slightly higher on Friday, keeping weeklong gains intact, after President Donald Trump said that he had not yet agreed to the USA paring back tariffs in stages as part of the so-called phase 1 trade deal. -China trade war. The S&P 500 and Treasury yields fell after President Donald Trump said he had not agreed to roll back any tariffs, but a late push in the afternoon returned indexes to record heights.
Technology shares also supported the market, including Microsoft, which rose 1.2%.
The week has been dominated by trade news, sending stock and bond yields sharply higher despite Friday's modest moves.
However, Trump said on Friday he had not agreed to roll back the tariffs, al ...