Wall Street Inches Up as Trump's EU Trade Remarks and Fed Hints Stir Caution

WALL STREET - NEW YORK. 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.S. Federal Reserve was imminent.

Trump said the odds of a U.S.-EU trade deal were "50-50" and suggested after a meeting with Fed Chair Jerome Powell that a rate cut might be on the horizon.