US Stocks Remain Positive, Trump Influence?

thecekodok


US Wall Street moved higher on Wednesday, influenced by the significant increase in the stock market yesterday.


The increase was due to President Trump's trade policy which is less 'tough' than previously announced.


He revealed to impose 25% tariffs on imported goods from Mexico and Canada and 10% on goods from China.


These tariffs are expected to take effect on February 1 by the US.


Stock markets rose brilliantly on Tuesday, with the Dow Jones jumping 1.24%, the S&P 500 up 0.88%, and the Nasdaq up 0.64%.


Almost all sectors in the S&P 500 showed gains, except for Apple, which fell 3.2% after analysts lowered their views.


Oracle shares rose 4% on news that the company will play a role in Trump's artificial intelligence investment plan.


Meanwhile, Netflix and United Airlines recorded strong gains, rising 14% and 4% respectively, after issuing positive earnings reports.

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