Wall Street Journal owner Dow Jones on Friday issued a statement vowing to "vigorously defend" itself after US President Donald Trump filed a $10 billion defamation lawsuit over a recent article linking him to convicted sex offender Jeffrey Epstein.

Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Wall Street's main indexes moved lower on Friday after the Financial Times reported that President Donald Trump was pushing for steep new tariffs - at least 15% to 20% - on all European Union goods.

U.S. stock futures relentlessly pushed ahead as they were uniformly higher early Friday, after the broader market scaled a fresh peak in the previous session. Federal Reserve Governor Christopher Waller called for a 25-basis-point rate cut at the July rate-setting meeting,