U.S. stocks rally, but market outlook remains hazy amid Trumps tariffs – National [Video]

U.S. stocks bounced back Friday, but not by enough to keep Wall Street from heading toward a fourth straight losing week, which would be its longest such streak since August.

The S&P 500 was one per cent higher in morning trading, a day after closing more than 10 per cent below its record for its first “ correction ” since 2023. The Dow Jones Industrial Average was up 241 points, or 0.6 per cent, as of 10:20 a.m. Eastern time, and the Nasdaq composite was 1.3 per cent higher.

One piece of uncertainty hanging over Wall Street may be clearing after the Senate made moves to prevent a possible partial shutdown of the U.S. government. A deadline is looming at midnight for it.

Past shutdowns have not been a huge deal for financial markets, with investors pointing to how U.S. economic growth recovered after funding was restored. But any clearing of uncertainty …