Stocks are seeing gains on Wall Street amidst new tariffs imposed by President Trump. The S&P 500 increased by 0.6%, and the Dow Jones by 182 points. Concerns about the tariffs' impact on the economy persist, particularly after a disappointing job market report. However, strong profit reports and potential Federal Reserve interest rate cuts are providing some optimism. The Bank of England also reduced its rates. The market remains uncertain, with indications of rising layoffs but improvements in worker productivity.
"Worries are still high that Trump's tariffs are damaging the economy, particularly after last week's worse-than-expected report on the job market."
"Lower interest rates can give the economy and investment prices a boost, though the downside is that they can also push inflation higher."
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