Dow, S&P 500, Nasdaq bounce back as Trump’s tariffs move
US stocks rose on Monday, looking to bounce off sharp losses as steelmakers recovered after President Donald Trump said he would impose something new Customs Imports of steel and aluminum.
Dow Jones Industrial Average (^dji) After the blue chip index on Friday, added 0.6% Booked the worst loss In almost four weeks. S&P 500 (^gspc) Nasdaq composite, which is highly technologically^ixic) Pop 0.7%.
Investors are weighing Trump’s pledge on SundayoIntroducing additional 25% tariffs on steel and aluminum An official announcement is expected on Monday from all countries.
New metal tariffs could benefit US iron companies and their stocks I jumped. Cleveland Cliff stocks (clf) and the nucleus (Nue) Both have risen by more than 8%, and US steel (x) Put 6% – but Questions remain Regarding the proposed Nippon Steel Buyout. Aluminum producer Alcoa (aa) We’ve also acquired stock.
The move illustrates another escalation in Trump’s rapidly changing policy overhaul and the possibility of a trade war. Major suppliers in Canada and Mexico – They are already threatened by the suspension tariff hikes – they face major impacts.
The market already controlled mutual tariffs, but Trump said it would be announced on Tuesday or Wednesday and would be announced soon. Tariffs apply to all trading partner partners and are consistent with the obligations imposed on US products on a country-by-country basis.
But US stock earnings on Monday suggest that investors are used to Trump’s trade salvos. Many now see the announcement as negotiation tactics alone, says part of Wall Street.
That said, the market is concerned that an increasing list of tariff hikes could drive inflation and likely to hinder interest cuts. Consumer Price Index for January Reading scheduled for Wednesday will be closely monitored for clues along with this week’s updates on retail sales.
On the corporate side, 78 S&P 500 companies are expected to report their revenue this week. McDonald’s (MCD)) The income was disappointing. coca cola (that), super microcomputer (SMCI), and airbnb (abnb) It is set to follow this week.
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Amidst the threat of tariffs, gold gatherings exceed $2,900 per ounce
Gold surged Monday, with escalating tariff threats spurting purchases, and Wall Street analysts remained bullish on safe haven assets.
Gold futures (gc = f) It rose more than 1.4% to around $2,930 last week after hitting numerous all-time highs.
Over the weekend, President Trump announced he would introduce what he would introduce 25% tariff on all imports of steel and aluminum In addition to existing duties, from all countries to the US
On Friday, the president also said this week that he announced a retaliatory fee plan for countries that impose taxes on US goods. Meanwhile, last Tuesday, a 10% tariff was enforced on certain Chinese products.
Wall Street analysts remain bullish on valuable metals amid rising tariff threats.
“We continue to see gold as an effective portfolio hedging and diversifying device, and we believe that an allocation of about 5% within a balanced portfolio of the US dollar is the best,” UBS Global Wealth Solita Marcelli, America’s chief investment officer at Management, wrote in a note on Monday. .
Following the 27% rallies in 2024, gold has risen almost 10%.
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