Wall Street rebounds despite 15% tariff announced by Trump: How does it trade TODAY?
Wall Street opened higher today, even as investors grapple with the possible implementation of a 15% temporary tariff by President Donald Trump.
Wall Street started the trading day with noticeable gains, notwithstanding the investors' ongoing considerations regarding a potential temporary 15% tariff proposed by President Donald Trump. The Dow Jones increased by 0.77%, reaching 49,180.42 points, while the Nasdaq climbed 0.55% to 22,717.79 units, and the S&P 500 rose by 0.21%, hovering around 6,852.73 points. These movements indicate a resilient market performance amidst tariff uncertainties.
According to the analysis department of VALMEX Casa de Bolsa, the primary stock indexes are being buoyed by clearer expectations regarding Trump's upcoming tariff decisions and a growing optimism related to artificial intelligence advancements. Trump is seeking a legal basis under U.S. laws to impose new tariffs, one of which is the general 15% tariff currently under consideration. This has sparked interest among investors, reflecting their adaptive strategies in light of potential trade implications.
Meanwhile, European markets also showed positive trends, with France's CAC 40 rising by 0.34% to 8,525.45 points. The FTSE 100 in London similarly experienced gains, demonstrating a broader market uplift amid the fluctuating global economic conditions. Investors appear cautiously optimistic as they assess how tariff policies will interact with international trade and economic recovery efforts in various regions.