Wall Street Opens Higher After Report of Selective Trump Tariffs

Date:

Share post:

Wall Street’s Main Indexes Open Higher on Monday

WALL Street’s main indexes opened higher on Monday (Jan 6) as optimism around AI boosted technology stocks, and a report suggested the incoming Trump administration could adopt a less aggressive stance on tariffs than previously anticipated.

Market Performance

The Dow Jones Industrial Average rose 103.4 points, or 0.24 per cent, at the open to 42,835.52.

The S&P 500 rose 40.3 points, or 0.68 per cent, to 5,982.81, while the Nasdaq Composite rose 230.3 points, or 1.17 per cent, to 19,851.99.

Key Factors Driving the Market

The optimism around AI and the potential for a less aggressive stance on tariffs by the incoming Trump administration were the key factors driving the market higher.

Conclusion

The opening higher of Wall Street’s main indexes on Monday reflects the growing optimism around AI and the potential for a less aggressive stance on tariffs. As the market continues to evolve, it will be important to monitor these trends and their impact on the overall performance of the indexes.

FAQs

Q: What were the key factors driving the market higher on Monday?

A: The optimism around AI and the potential for a less aggressive stance on tariffs by the incoming Trump administration were the key factors driving the market higher.

Q: How did the Dow Jones Industrial Average perform?

A: The Dow Jones Industrial Average rose 103.4 points, or 0.24 per cent, at the open to 42,835.52.

Q: How did the S&P 500 and Nasdaq Composite perform?

A: The S&P 500 rose 40.3 points, or 0.68 per cent, to 5,982.81, while the Nasdaq Composite rose 230.3 points, or 1.17 per cent, to 19,851.99.

Angela Lee
Angela Lee
Director of Research

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

- Advertisement -spot_img
- Advertisement -spot_img

Related articles

STI’s new high: A narrow group of companies unlocking value, lifting profitability

Stock Market: GIC Should Not Allocate Funds to 'Pump-Prime' the Market Straits Times Index Reaches New High, But Is...

Broadcom, TSMC eye possible Intel deals to split storied chipmaker

Breaking News: Intel's Potential Breakup into Two Rivals Eyeing Acquisition of Chipmaker's Components Taiwan Semiconductor Manufacturing Co (TSMC) and Broadcom...

Broadcom, TSMC eye possible Intel deals to split storied chipmaker

Intel's Potential Breakup Under Scrutiny Rivals Eyeing Deals to Divide Chipmaker Taiwan Semiconductor Manufacturing Co (TSMC) and Broadcom are reportedly...