Stock indexes rose on Friday after Federal Reserve Chair Jerome Powell said the U.S. economy continues to be in a good place and it remains to be seen if the Trump administration's tariff plans will prove to be inflationary,

Wall Street's major averages closed higher Friday, aided by Fed Chairman Jerome Powell's economic reassurance, but stocks sank for the week as investors wrestled with tariff twists from the Trump administration.

The major stock indexes greatly improved Friday afternoon following reassuring words about the economy from Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average and the other major indexes climbed off the days lows and were in positive territory.