Wall Street shares rose in a holiday-shortened session as the US Black Friday shopping spree got under way and traders speculated whether President-elect Donald Trump may temper his trade tariff threats.
The yen rallied against the dollar as higher inflation in Japan fueled expectations that the central bank will hike interest rates again.
Traders are closing out a rollercoaster month for assets caused largely by Trump winning a second US presidential election — and also a result of the wars in Ukraine and Gaza.
Markets are tracking developments surrounding Trump’s pledge to hammer China, Canada and Mexico with hefty tariffs on his first day in office in January.
US stock markets closed higher on a shortened trading day, with the Dow and S&P 500 hitting fresh records following Thursday’s Thanksgiving break.
Chip companies notched gains after a news report that President Joe Biden’s administration was mulling further curbs on semiconductor …