Wall Street wrapped up a tumultuous week with more volatility, reflecting concerns about the U.S. economy and uncertainties surrounding President Donald Trump’s tariff policies. The S&P 500 managed to bounce back, rising 0.6% after experiencing significant fluctuations throughout the week, including six consecutive days of 1% swings. The Dow Jones Industrial Average and the Nasdaq composite also saw gains of 0.5% and 0.7%, respectively.

This week marked the most challenging period for the S&P 500 since September, leaving the index around 6% below its recent all-time high. Federal Reserve Chairman Jerome Powell’s comments on Friday helped alleviate some market fears, stating that he sees the economy as stable and does not feel immediate pressure to lower interest rates to stimulate growth.

The release of the latest jobs report provided some relief, showing an increase in job additions, albeit slightly below expectations. However, underlying details of the report, such as a rise in part-time workers seeking full-time employment, hinted at potential challenges ahead. The ongoing tariff uncertainties, with sudden changes in policy decisions, have contributed to business hesitancy and weakened consumer confidence, impacting spending and economic growth.

President Trump’s focus on using tariffs to bring jobs back to the U.S. has added to market uncertainties. Despite granting temporary reprieves on certain tariffs, the lack of clarity surrounding trade policies has led to concerns among businesses and households. Treasury yields initially fell post-jobs report but later rose as Powell’s comments tempered expectations for aggressive rate cuts.

In the stock market, Walgreens Boots Alliance saw a significant increase after agreeing to be acquired by private equity firm Sycamore Partners, while Broadcom reported better-than-expected financial results and outlook. Conversely, Hewlett Packard Enterprises and Costco faced declines after falling short of profit expectations.

Internationally, German stocks experienced losses, reflecting the country’s shift towards increased borrowing. Similar trends were observed in European and Asian markets. Overall, the week’s market performance highlighted the impact of economic uncertainties and policy decisions on investor sentiment and global financial markets.