$6 Trillion Rollercoaster: Trade War Jitters Clash With Fed

The index swung wildly as Trump’s 145% China tariffs and hints of an 80% reduction collided with Fed Chair Powell’s cautious stance on rates. Despite a midweek rally, the S&P 500 (ES) closed the week down 0.46% at $5,684 reflecting investor paralysis ahead of U.S.- China trade talks.