The Dow is falling, and the S&P 500 and Nasdaq are rising Friday as the stock market reacts to news of delays to President Donald Trump's reciprocal tariffs.

Moritz Kraemer was an executive in S&P’s sovereign-bond unit when it cut the U.S.’s rating in 2011. Now an economist for German bank LBBW, he says the dysfunction in Washington has only worsened. Read ...