Stocks are drifting in mixed trading on Wall Street after President Donald Trump’s latest tariffs took effect on dozens of countries. The S&P 500 slipped 0.1% Thursday. The Dow Jones Industrial Average fell 330 points, and the Nasdaq composite rose 0.4%. Worries are still high that Trump’s tariffs are damaging the economy, particularly after last week’s U.S. jobs report. But hopes for coming cuts to interest rates and a torrent of stronger-than-expected profit reports have helped overshadow the concerns, at least for now. Stock indexes also rose across much of Asia and Europe. Treasury yields were steady in the bond market.
