LIVE MARKETS-Records right out of the gate

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RECORDS RIGHT OUT OF THE GATE

The S&P 500 .SPX and Nasdaq .IXIC reached record highs right at the start of trading on Friday.

The new highs follow a turbulent period sparked by U.S. President Donald Trump's trade policies based on tariffs.

Friday's gains came after a relatively tame U.S. inflation data before the opening that underscored optimism about rate cuts from the Federal Reserve.

The S&P 500 surpassed its the previous peak reached on February 19, while the Nasdaq rose above its December 16 record.

Investors are anxious to see if the gains hold for the close. The Nasdaq has recovered more than 20% from a trough in April due to tariff turmoil.

Regarding the records, Peter Tuz, president at Chase Investment Counsel in Charlottesville, Virginia, said that given the uncertainties in the world at the moment, he is surprised.

"However, one can make the case that the uncertainties are diminishing as the year progresses and that has made people more optimistic about the future," he said.

Here is your morning snapshot:

(Caroline Valetkevitch, Lewis Krauskopf)

FRIDAY'S EARLIER LIVE MARKETS POSTS:

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DON'T FORGET ABOUT FRANCE CLICK HERE

NO FISCAL CRISIS, JUST EPISODIC VOLATILITY - PIMCO CLICK HERE

FUNDAMENTAL SUPPORT FOR THE DOLLAR ERODING CLICK HERE

STOXX 600 RISES, HEADS FOR WEEKLY GAIN CLICK HERE

EUROPE BEFORE THE BELL: FUTURES HIGHER AS GLOBAL STOCKS RALLY CLICK HERE

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