The S&P 500 and the Dow edged up in tepid trading on Friday as investors assessed President Donald Trump's latest comments on trade discussions with the European Union and his hints that a rate cut from the U.

President Donald Trump’s vows to roll out punishing new tariffs on Aug. 1 have barely made a ripple with investors who are convinced he’ll once again back down. But at the White House, officials insist they’re serious this time.

A judge grants the paper's request for a deadline extension and sealing of records in Donald Trump's $10 billion defamation suit, citing privacy concerns.

Wall Street and the dollar firmed on Friday as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and U.S. President Donald Trump's August 1 deadline for negotiating trade deals.

The company has already made cost-cutting strides this month, axing about 9,000 employees in its latest round of layoffs. Analysts surveyed by Visible Alpha see about $73 billion in operating expenses in Microsoft's fiscal 2026, which implies 11% growth.