Market Overview - US stocks experienced mostly gains on Friday, with the Dow Jones Industrial Average rising approximately 0.4% and the S&P 500 gaining 0.15%, while the Nasdaq Composite fell 0.16% after three consecutive days of losses [1] - The market's initial rise was influenced by the August Personal Consumption Expenditures (PCE) index, which showed a year-over-year increase of 2.9% and a month-over-month increase of 0.2%, aligning with economists' expectations [3] Consumer Sentiment - The University of Michigan's consumer sentiment survey indicated that Americans were more pessimistic about the US economy than anticipated in September, leading to a pullback in stocks from earlier gains [2] Trade Policies - President Trump announced a potential 100% tariff on imports of branded drugs for pharmaceutical companies not building manufacturing plants in the US, causing shares of drugmakers in Europe and Asia to decline [4] - Additional tariffs on imports of heavy trucks and certain furniture categories are set to take effect on October 1, contributing to market uncertainty amid concerns about the sustainability of the AI boom and the risk of a US government shutdown [5] Corporate Developments - Trump approved a deal to spin off TikTok's US operations from China's ByteDance, with a proposed price of $14 billion, which was viewed as undervaluing the company, estimated to be worth around $40 billion [6]