Investors digested Trump's new tariff salvo and the latest reading of the Fed's preferred inflation gauge, which showed prices rising as expected.

The Dow, S&P 500, and Nasdaq fell as uncertainty surrounding Federal Reserve rate cuts dominated the stock market.

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Wall Street broke its three-day losing streak and trimmed its losses for the week. The S&P 500 rose 0.6% Friday.

The stock market was on track to snap its three-day skid on Friday in the wake of the latest inflation report. The Dow Jones Industrial Average rose 340 points, or 0.7%. The S&P 500 was up 0.5%. The Nasdaq Composite was up 0.4%.

Qualcomm (QCOM) slipped 1% following the launch of new chips for PCs and phones on Wednesday. CarMax (KMX) dropped 12% in premarket after the used-car dealership chain's quarterly results missed Wall Street estimates.

Shares of Kenvue Inc. slid 4.09% to $16.17 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.50% to 6,604.72 and Dow Jones Industrial Average falling 0.

The Dow Jones index rises Friday after Fed inflation data. Two bitcoin mining stocks fell after a J.P. Morgan downgrade.