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.

Wall Street analysts are betting hard against Trump’s trade agenda surviving in court. The lawsuits stacking up across the country are gunning straight for the legal base of his tariff powers. And they’re not just hoping to overturn a few decisions;

Among the strongest performers, Thermo Fisher Scientific rose 12%, topping the leaderboard for large-cap stocks, followed by T-Mobile US, up 9%.

Trump's legal case against the Wall Street Journal over a story about the president and Jeffrey Epstein could face hurdles, one of which is that it does not appear to comply with Florida state rules over the timing of defamation lawsuits.

Asian shares retreated on Friday after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks helped offset a steep tumble for EV-maker Tesla. Japan’s Nikkei 225 fell 0.