US stocks open higher after Trump’s softness on tariffs
US stock indices opened higher during Tuesday’s trading; Where the Wall Street Stock Exchange was considered The comments of the country’s president, Donald Trump, and the procedures of the first day – after his inauguration – regarding international trade are softer than initially thought.
In terms of trading, the “Standard & Poor’s 500” index recorded… An increase of 0.50% by 29 points to reach 6026 points, and the “Nasdaq” index also increased The Composite increased by 0.05% by 9 points to reach 19,640 points.
The Dow Jones Industrial Average also rose The 30 largest American industrial companies rose by 0.96%, by 417 points, to reach 43,905 points, while the VIX index – which measures market volatility – decreased by 4.13%, by 0.66 points, to reach 15 points.
The value of shares of the American manufacturing and mining company 3M increased by more than 4% after profits were better than analysts’ expectations. Valuable stocks also participated. Small-cap markets are on the rise today, with the Russell 2000 index up more than 1%.
Many stocks of large American technology companies also rose, including Amazon. E-commerce and Alphabet Holding gains of more than 1% for each.
Trump had stated – during the signing of executive orders on his first day in the White House last night – that he was considering imposing tariffs 25% on Mexico and Canada on the first of next February; Because of their border policies.
Trump also noted that his country may impose customs tariffs on China if it does not agree to the “Tik Tok” application deal, and Trump issued a wide-ranging memorandum directing Federal agencies to study what he sees as unfair trade policies with foreign countries.
However, the president stopped short of authorizing new tariffs on his first day in the Oval Office, which Investors considered it A sign that he may be less enthusiastic about issuing tariffs than previously expected.
Outside of trade policy, Wall Street is focusing on… Trump’s follow-up and pro-business statements he made throughout the campaign, most notably his calls for more flexible regulations that helped lift bank stocks after his election victory last November.
It is likely that Other components of Trump’s so-called trade – including small caps, oil stocks and Bitcoin – are highly sensitive to what his administration is doing.
It is worth noting that Trump described – in his inauguration speech – His return To the White House that it is the beginning of a period of growth and success for the country, it also declared yesterday a national energy emergency to increase fossil fuel production.
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