Stock market today: Wall Street rallies after Trump raises hope tariffs may not be as bad as feared

On Wall Street, Brown-Forman jumped 10.1% after the company behind Jack Daniel’s whiskey reported stronger profit for the latest quarter than analysts expected. Perhaps more importantly, CEO Lawson Whiting also said his company isn’t changing its forecasts for upcoming sales, even as “we anticipate continued uncertainty and headwinds in the external environment.”