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S&P 500 Surges Through Trump Turmoil to a Record High

The S&P 500 rose to a new high on Friday, completing a swift recovery to a level last seen in February before expectations of a new business-friendly government gave way to widespread fears over the impact of trade tariffs. It is a remarkable turnaround for a stock market that just a few months ago was being battered by investors’ fears that President Trump’s tariff proposals would bring chaos to global trade. The S&P 500 has regained all the ground it lost in March and early...