The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.

The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.

Markets are seeking clarity on President Trump's tariffs, with the president targeting Aug. 1 for new country-specific tariffs.

The Dow Jones Industrial Average rose 1.2% in last week's stock market trading. The S&P 500 index climbed 1.5%. The Nasdaq composite rallied 2.2%. The small-cap Russell 2000 leaped 3.2%.

The S&P 500 and Nasdaq topped intraday records earlier in the session Friday. The Dow also gained, as the stock market reacted to the latest PCE inflation report and updates on tariff deals.

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