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Dynamic action in stocks kept traders guessing with a shaky start to the week leading to new highs in large cap indices. A weak start to the week was credited to more anticipated trade tensions with China. This set up a buying opportunity for dip buyers when actual new came out Tuesday. A broad rally Thursday pushed the S&P 500 to new all time highs.

Solid gains were produced in large cap stocks despite being more negatively affected by additional tariffs. Small caps did have a positive ...