US Stocks Climb on First Day of Trump's Second Term
US stocks surged on Tuesday as investors dissected President Donald Trump's inaugural executive orders. Market participants weighed the potential impact of impending tariffs on Mexico and Canada.
Indices Soar
* Dow Jones Industrial Average (^DJI): +0.64%
* S&P 500 (^GSPC): +0.44%
* Nasdaq Composite (^IXIC): +0.56%
Technology and Financials Lead Gains
* NVIDIA (NVDA) and other tech giants boosted the Nasdaq Composite.
* Charles Schwab (SCHW) posted a nearly 50% jump in earnings due to increased trading activity.
Trump's Agenda in Focus
* Investors anticipated further policy announcements from Trump, particularly regarding energy and trade.
* Trump's decision to delay tariffs on China provided relief to markets.
* However, his subsequent announcement of possible tariffs on Mexico and Canada dampened sentiment.
Volatility Expected
* Analysts expect market volatility to persist during Trump's second term.
* The first trading day of Trump's presidency was likely a precursor to future ups and downs.
Earnings in the Spotlight
* Netflix (NFLX) is anticipated to report strong earnings after market close.
* 3M Company (MMM) released optimistic full-year guidance, driven by organic sales growth.
Other Notable Events
* Bitcoin (BTC-USD) surged to a record high before retreating following Trump's omission of cryptocurrency in his initial orders.
* Huawei seeks to expand its market share in China's AI chip industry at Nvidia's expense.