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The stock market is rallying as AI spending and Trump tariff news turn positive. Warren Buffett will step down as Berkshire Hathaway CEO at year-end.

Warren Buffett has shocked an arena full of his shareholders by announcing that he wants to retire at the end of the year.

The Dow, S&P 500, and Nasdaq all rose Friday as the stock market focused on a stronger-than-expected April jobs report and China-U.S. trade hopes.