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US stocks rebounded on Monday as investors shrugged off President Trump's latest tariff threats. The Dow Jones Industrial Average (^DJI) gained nearly 0.4%, the S&P 500 (^GSPC) rallied about 0.6%, and the Nasdaq Composite (^IXIC) surged about 1%. Despite Trump's announcement that he would impose a 25% tariff on all steel and aluminum imports into the US, markets brushed off the threats. Energy stocks outperformed as oil prices rebounded from a three-week decline, while tech stocks also saw gains. Gold surged past $2,900 per ounce as investors sought safe-haven assets amid the tariff concerns.
Published on: February 11, 2025, 12:03 PM UTC