Wall Street is boldly under Trump’s latest tariff threat, and indexes rise
NEW YORK (AP) – US stocks rose Monday when Wall Street took President Donald Trump latest Threats to tariffs With Stride.
The S&P 500 rose 0.7% and came out The week I lost That was reservation By worrying about how potential tariffs can be pushed up inflation Threate the economy. The Dow Jones industrial average added 167 points (0.4%), while Nasdaq composites rose 1% as Nvidia and other major tech stocks led.
The bond market is also relatively solid, with Treasury yields moving slightly after Trump said he would announce 25% tariffs on all steel and aluminum imports and other import duties over the weekend. did.
Tariff horrors have been at the heart of Wall Street’s movement recently, and experts say the market is likely to be experiencing more shaking. Gold prices, which often rise when investors are nervous, climbed again on Monday to a top 2,930 at $2,930 per ounce, setting another record. But Trump showed he could get just as fast Pull back the threatsuggesting that they could be just a negotiation tip, not just a long-term policy, as he did with the 25% tariff he announced in Canada and Mexico.
Of course, Trump is already moving ahead with 10% tariffs in China. According to other strategists at Morgan Stanley, these can be impacted by losing the winning industry, and by striving from losing the winning industry, but they do not necessarily have an impact on the overall market. It’s not dragging low. The big impact of the overall market would likely be considered “if sustained tariffs are seen in various countries, including the 25% tariffs in Mexico and Canada.”
Stocks of US steel and aluminum producers jumped Monday, and banking predicted tariffs could help profits, but the overall S&P 500 index remained relatively mild.
Nucor jumped 5.6%, Cleveland-Cliffs jumped 17.9%, and Alcoa jumped 2.2%.
Some companies that have to buy steel in manufacturing are not so sharp. General Motors fell 1.7%, Caterpillar slipped 0.2%, and Ford Motor was flat.
In the meantime, revenue reports from large US companies also helped drive the transaction.
McDonald’s rose 4.8% even with that Reported profits and revenues At the end of 2024, I was shy about the expectations of analysts. Instead, we focused on the strength of the standard than expected in restaurants outside the US, particularly in Middle Eastern, Japan, and other markets with licensed McDonald’s locations.
Big Tech stocks were some of the most powerful forces pushing the S&P 500 high, including a 2.9% increase nvidia 4.5% on Broadcom. They had I was under pressure last month After a Chinese startup reversed the artificial intelligence boom on Wall Street, he said it has developed a large-scale language model that can perform best in the world without using top flight chips.