Major equity indexes including the S&P 500 tallied their first record closing highs in months on Friday — but something happened on the way to the closing bell that left a bad taste in some traders’ mouths.

Wall Street’s major averages are mixed on Friday after both the S&P 500 (SP500) and Nasdaq Composite (COMP:IND) notched fresh all-time trading highs. The benchmark S&P 500 S&P 500 (SP500) is near flat,

A prominent Wall Street economist who had slammed President Trump’s tariffs earlier this year now says that the president may have “outsmarted all of us” with his controversial trade policies. Torsten Sløk,