Wall Street finishes up as investors buoyed by tariff relief, upbeat data

Wall Street indexes climbed for a second day as President Trump rescinded tariff threats on European allies, boosting investor confidence. Positive U.S. economic data, including strong consumer spending and resilient growth, further supported the market’s advance. This rebound follows recent volatility driven by geopolitical concerns.

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Federal Reserve holds rates steady in a divisive vote

The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement’s bias towards lowering borrowing costs.