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flag Fed Chair Powell's optimism on the economy boosts stocks, but weekly S&P 500 sees biggest decline due to trade uncertainties.

flag US stocks rose on Friday after Federal Reserve Chair Jerome Powell said the economy is "in a good place" and the central bank will not rush to cut interest rates. flag Despite the gains, the week saw significant losses due to uncertainties over US trade policies, especially concerning tariffs on goods from Canada, Mexico, and China. flag This led to the S&P 500's biggest weekly decline in months.

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