U.S. Stocks Rise Despite Trump's Tariff Threats
Wall Street shrugged off President Trump's latest tariffs, with major stock indexes posting gains on Monday.
The S&P 500 jumped 0.7%, following a week of declines sparked by concerns over the potential impact of tariffs on the economy. The Dow Jones Industrial Average gained 0.4%, while the Nasdaq Composite rallied 1%.
Industries impacted by Trump's proposed tariffs saw a boost in their stocks. U.S. steel and aluminum producers surged, while McDonald's benefited from its strong international performance.
Treasury yields remained largely unchanged in the bond market.
Index Performance:
* S&P 500: +40.45 points (+0.7%) to 6,066.44
* Dow Jones Industrial Average: +167.01 points (+0.4%) to 44,470.41
* Nasdaq Composite: +190.87 points (+1%) to 19,714.27
* Russell 2000: +8.23 points (+0.4%) to 2,287.94
Year-to-Date Performance:
* S&P 500: +184.81 points (+3.1%)
* Dow Jones Industrial Average: +1,926.19 points (+4.5%)
* Nasdaq Composite: +403.48 points (+2.1%)
* Russell 2000: +57.78 points (+2.6%)