U.S. stock markets reached new heights once again, as the latest remarks from Donald Trump regarding tariffs generated minimal impact on trading activities.
The S&P 500 index climbed by 0.6%, achieving yet another record high. Likewise, the Dow Jones Industrial Average increased by 0.3%, marking a new peak set just the day prior, while the Nasdaq composite also rose by 0.6%, propelled by strong performances from major technology firms.
International markets, however, experienced mostly slight declines following Trump’s announcement that he intends to implement extensive tariffs on Mexico, Canada, and China immediately upon taking office. U.S. automotive manufacturers and various other sectors that may face negative repercussions from these tariffs saw their stock prices drop.
On Tuesday, the trading figures were as follows: the S&P 500 climbed 34.26 points, equivalent to a 0.6% increase, settling at 6,021.63.
The Dow Jones Industrial Average gained 123.74 points, or 0.3%, reaching 44,860.31.
The Nasdaq composite noted a rise of 119.46 points, reflecting a 0.6% increase, closing at 19,174.30.
Conversely, the Russell 2000 index, which represents smaller companies, fell by 17.72 points, or 0.7%, bringing it down to 2,424.31.
Looking back over the week, the S&P 500 increased by 52.29 points, which is a 0.9% gain, while the Dow surged by 563.80 points, representing a 1.3% rise.
For the Nasdaq, there was an ascent of 170.65 points, equating to a 0.9% hike, and the Russell 2000 rose slightly by 17.64 points, or 0.7%.
Examining the performance year-to-date, the S&P 500 has surged by 1,251.80 points, a remarkable increase of 26.2%.
The Dow has also shown impressive growth, up by 7,170.77 points, or 19%.
The Nasdaq experienced a substantial advance of 4,162.95 points, representing a 27.7% increase, while the Russell 2000 climbed by 397.23 points, marking a 19.6% rise.
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