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S&P 500, Nasdaq hit records, China-US near trade deal, Nike stock soars: Live Updates

The S&P 500 and Nasdaq notched fresh records as investors dial back worries as a U.S.-China trade deal nears and tensions ease between Iran-Israel. Microsoft and Nvidia also hit records, as Nike shares lead Dow. In Venice, Amazon’s Jeff Bezos and Lauren Sanchez get hitched. FOX Business providing real-time updates on the markets, commodities and all the most active stocks on the move.

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S&P 500 hits new record, Dow jumps over 400 points on Trump trade talk

Stocks finished higher on Friday after President Donald Trump announced the U.S. is ending trade talks with Canada.

The Dow Jones Industrial Average climbed 432.43 points, or 1%, while the S&P 500 finished at a record high of 6,173.07. The Nasdaq Composite also hit a fresh record, closing up 0.52%.

Trump said on Friday that the U.S. is terminating all trade discussions with Canada, citing the U.S. northern neighbor's digital services tax on American tech companies as the reason for ending the talks.

"They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately," Trump wrote in a post on Truth Social.

Trump said the administration will inform Canada within the "next seven day period" of what tariff it will pay to do business with the U.S.

The president added in his post that Canada is "a very difficult Country to TRADE with" and claimed that Canada has levied tariffs of up to 400% on U.S. dairy products.

Posted by FOX Business Team

Trump says US terminating all trade talks with Canada over digital services tax

President Donald Trump said on Friday that the U.S. is terminating all trade discussions with Canada.

Trump cited Canada’s digital services tax on American tech companies as the reason for ending trade talks.

"They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately."

Trump said the administration will inform Canada within the "next seven day period" of what tariff it will pay to do business with the U.S.

Posted by FOX Business Team
Breaking News

Nvidia hits all-time high

Shares of AI chip darling Nvidia reached an all-time Friday pushing the company towards a $4 trillion valuation.

Nvidia Corp.
$
157.51

The tech giant is also fueling the Nasdaq Composite to new record levels.

Posted by FOX Business Team

Trump to tariff critics: 'Go back to business school'

President Donald Trump on Friday delivered a message to critics of his tariff plan.

"I think they should go back to business school," Trump said in response to a question regarding critics suggesting his tariff policy could cause a recession. "It's so obvious."

Posted by FOX Business Team
Breaking News

Dow surges

SymbolPriceChange%Change
NKE$73.5811.0417.65
JPM$286.91-1.84-0.64
CVX$142.91-1.53-1.06

The Dow Jones Industrial Average jumped over 500 points before giving back some of those gains after President Trump held a press conference discussing trade as well as rulings from the Supreme Court and touting his in progress tax bill.

Nike, Boeing and American Express led the gains, while JPMorgan and Chevron were the only two laggards.

Dow Jones Averages.
$
43916.19

Posted by FOX Business Team
Breaking News

Stock snapback

The S&P 500 and Nasdaq Composite have clawed their way from the April rout, hitting new all-time highs on Friday.

Nasdaq Composite Index.
$
20167.913313

The tech-heavy Nasdaq has gained over 30% from its low point on April 8 after President Trump celebrated Liberation Day, aka a tariff crackdown with most of the major U.S. trading partners. It is on track to post its first record high of 2025.

The recovery signals investors are warming to President Trump's hammer like governing style with foreign nations.

SymbolPriceChange%Change
SP500$6,171.8530.830.50

The Dow Jones Industrial Average is nearly 4% away from its all-time high reached in December of 45,014.04.

Posted by FOX Business Team
Developing Story

Nike shares pop

Investors piled into Nike shares despite the athletic and sneaker maker reporting broad declines in revenues across most segments. Notable, fourth-quarter revenues fell 12%.

SymbolPriceChange%Change
NKE$71.779.2314.76

But investors took heart in the company signaling that this weak quarter may be the bottom thanks to its turnaround strategy dubbed 'win now' implemented by new CEO Elliott Hill.

"The fourth quarter reflected the largest financial impact from our Win Now actions, and we expect the headwinds to moderate from here," said Matthew Friend, Executive Vice President & Chief Financial Officer, NIKE, Inc.

Nike Inc.
$
62.55

Shares through Thursday have lost 15% this year.

Posted by FOX Business Team
Breaking News

US-China trade deal in play

Posted by FOX Business Team
Developing Story

GE blinks

General Electric, maker of household appliances we all use such as washing machines, isn't waiting to tussle with President Trump. Instead, it will move some manufacturing from China back to the U.S.

CEO Larry Culp has already sealed a deal with GE Aerospace and Boeing that has pleased the White House.

Ge Aerospace.
$
251.00

Posted by FOX Business Team

Jeff Bezos, Lauren Sanchez tie the knot

Posted by FOX Business Team

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