How Wall Street powered to a record high and what comes next

Anthony Matesic works on the floor at the New York Stock Exchange in New York, Wednesday, April 30, 2025. (AP Photo/Seth Wenig) A trade war. A real war with bombs dropped in the Middle East. A barrage of insults hurled by the president of the United States at the head of the U.S. Federal Reserve. The stock market has powered through all of that in the past few months to set a new record Friday and reward investors who stayed their ground through a volatile stretch. The S&P 500 closed at an all-time high of 6,173. While Wall Street can…