Oil Eases as Tariffs Hit, U.S. Stocks Rally

US stocks rose modestly on Friday as new Trump tariffs went into effect and oil prices pulled back, with the Dow up about 0.7%, the S&P 500 up around 0.5%, and the Nasdaq near flat; Brent crude fell below $95 a barrel, easing inflation concerns, while a flash PMI showed US business activity expanding at the fastest pace in eight months in July. Verizon, American Express, and NextEra Energy beat earnings estimates but missed revenue, and Intel shares declined after its results.