U.S. stocks drifted to a mixed finish as President Donald Trump’s tariffs on dozens of countries had only a muted effect on markets worldwide.

U.S. President Donald Trump’s new tariff rates of up to 41% on U.S. imports from dozens of countries drew expressions of relief Friday from some countries that negotiated a deal or managed to whittle them down from rates announced in April.

Stocks are rising on Wall Street, even as President Donald Trump's latest tariffs take effect on dozens of countries.

Tan assumed the CEO role at the struggling chipmaker in March. Late last month, it was reported that Intel was looking to spin off its networking unit as it moves to shed assets under Tan. "No one—and I mean no one—can turn Intel around overnight," Susanto added. "Its challenges took years to build and will take years to fix."

Intel’s shares slumped Thursday as President Donald Trump said in a social media post that the chipmaker’s CEO must resign immediately.

The top leader of Intel is speaking up after President Donald Trump and Sen. Bernie Moreno called for his resignation Aug. 7.