Wall Street Stock Exchange.. US stocks rise with the start of Trump’s term

US stock prices rose at the beginning of US President Donald Trump’s second term on Tuesday, after more US companies announced profits greater than expectations during the fourth quarter of last year.
The broader S&P 500 index of US stocks rose by 0.9% during afternoon trading today, at a time when many parts of the world recorded minor movements with the inauguration of Trump.

US stocks

The benchmark also rose by 469 points, or 1.1%, by approximately 2 p.m. The Nasdaq Composite Index rose by 0.7% during the same period.
This comes at a time when Trump has pledged to reshape global trade and the economy, often at the expense of other countries, but stock indices in Asia and Europe recorded slight movements in mixed performance.

Exchange market

In the exchange market, the value of the Mexican peso and the Canadian dollar declined against the US dollar after Trump said that he expected to impose 25% tariffs on Canada and Mexico, starting next February 1.
Trump had threatened to impose tougher tariffs on Chinese imports during his campaign, but yesterday he said he wanted to have more discussions with the leader of the world’s second-largest economy.

Results beyond expectations

The price of the American financial services company Charles Schwab Corp. rose by 4.9% after announcing quarterly results that exceeded expectations, in light of the continued recording of record financial flows into the individual financial brokerage service sector.
The company’s revenues increased during the last quarter of last year by 20% annually to $5.3 billion, while estimates were only $5.19 billion. The company’s profits, after taking seasonal variables into account, amounted to $1.01 per share, exceeding expectations.
3M shares also rose by 5.4% after announcing profits and revenues during the last quarter of last year that exceeded analysts’ expectations.