By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — Stocks are rising on Wall Street Thursday, even as President Donald Trump’s latest tariffs kicked into effect on dozens of countries.

The S&P 500 was 0.5% higher in early trading and sitting just a bit below its record, which was set late last month. The Dow Jones Industrial Average was up 254 points, as of 9:31 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.

Worries are still high that Trump’s tariffs are damaging the economy , particularly after last week’s worse-than-expected report on the job market . But hopes for coming cuts to interest rates by the Federal Reserve and a torrent of stronger-than-expected profit reports have been overshadowing the concerns on Wall Street, at least for now. Lower inter

See Full Page