US Stocks Open Higher Amid Trump's Trade Tariffs

U.S. equities traded positively Tuesday as investors reacted to President Donald Trump's initial policy actions, including proposed tariffs on Mexico and Canada.

Dow Jones Industrial Average (DJI)

* Led the market with a 1% rise
* 3M Company (MMM) reported strong earnings, boosting its shares by over 5%

S&P 500 (GSPC)

* Advanced approximately 0.7%

Nasdaq Composite (IXIC)

* Gained roughly 0.4%, despite volatility from Tesla (TSLA) and Apple (AAPL)

Relief and Uncertainty

* Markets initially rallied as Trump refrained from expected tariff increases on Tuesday
* Sentiment shifted after Trump announced potential 25% duties on Mexico and Canada starting February 1st
* Chinese stocks saw modest gains, indicating investor skepticism about a trade war resolution

Treasury Yields and Volatility

* 10-year Treasury yield dropped 4 basis points to 4.57%
* Wall Street anticipates volatility as Trump implements executive orders, focusing on energy and trade

Upcoming Earnings Season

* Netflix (NFLX) expected to report positive results
* Charles Schwab (SCHW) earnings surged 50%
* D.R. Horton (DHI) exceeded expectations despite a sluggish housing market

Bitcoin Retreats, Homebuilder Wavers

* Bitcoin (BTC-USD) retreated from a record high, but remained above $105,000
* D.R. Horton (DHI) stock fluctuated after reporting weaker-than-expected home orders

Dollar Eases, Policy Evaluation Begins

* U.S. dollar retreated from near two-year highs as Trump did not implement broad-based tariffs on his first day
* Trump directed agencies to assess U.S. trade policy, potentially leading to tariffs on additional trading partners

Tesla Stock Falls, EV Mandate Revoked

* Tesla (TSLA) shares dropped 4% after the inauguration as Trump scrapped an electric vehicle mandate
* Other EV stocks also declined

Additional Highlights

* Laura Bratton of Yahoo Finance covers the impact of Trump's executive orders on stock markets
* Jenny McCall presents overnight and morning news headlines, including earnings updates and market analysis