The Dow climbs 350 points as Trump signs reciprocal tariff plan
Dow and other basic indicators climbed on Thursday as President Donald Trump signed a Mutual tariff in the afternoon. According to this policy, if the country charges the tariffs of US goods, the United States will respond with the application of the equivalent tariff of the country’s goods. Mutual tariffs will not immediately enter into force, and Trump stated that the level of tariffs for each affected country will be determined.
When the day ended, Dow Jones industrial average increased 342 points or 0.7%. Technologist-heavy NASDAQ and S & P 500 added 1.5% and 1% respectively.
Meanwhile, inflationary pressures continued, wiered more than wholesale prices than expected. Manufacturer Price Index (PPI)Which follows what producers they receive for their products and services, in January, it exceeds 0.4% by 0.3%. The main PPI, which excludes food and energy, has increased by 0.3% to the month, in line forecasts.
The labor market remained resistant, fewer Americans who have unemployment benefits last week for unemployment benefits. According to the work department, the requirements of the preliminary unemployed have decreased by 7,000 seasonally adjusted during the week ending on February 8. The chart has arisen from expectations of economists under 215,000 requirements.
Jamie Cox:Managing the executive of a partner in the 100th financial group, and to Quartz. Said by mail:
“The main roof is that the strong economic fund remains intact.”
Intel (:InvadeDuring the fourth day, his collection extended his rally in the fourth day on Thursday, increasing more than 8% above $ 24 per share. This year, more than 20% more than 20% more than 20% are more than 20%, about 1.5% for falling 1.5% for AI Chip Maker Nvidia.Nvda)
The stock rally came to the company’s manipulations on the company’s highlights and possible cooperation with TSMC (:Vesity), Taiwan-based Ship giantA number
Trump administration looks at $ 400 million, five-year contract for “armored electric vehicles” It could be treated to Teslas. The State Department has previously listed “Armored Tesla (Stake) (Product units) ” Procurement forecast for 2025according to multiple media outlets. Since then, it has said that the point of this line is “armored electric vehicles”. Following the news, Tesla’s shares (StakeIt was up in the morning.
Robinity Shares (:Hat) rose Thursday because the trading platform was stronger than expected earnings a day before. The company announced an annual income annually, exceeding analysts’ assessments and signaling signal involvement, despite the market instability. In contrast, the shares of the Giant Reddit of Social Media (Red) The company has decreased after short earnings expectations.
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