Why Us the Stock Market So High Today?
U.S. stocks rose through Monday and are expected to remain high for Tuesday after Donald Trump made a few announcements about upcoming tariff policies.
The Dow Jones gained almost 600 points, climbing 1.6% on Monday, and the S&P 500 grew by 1.76%. The Nasdaq Composite improved the most, gaining 2.27% during a day when Trump’s tariff announcements were both vague and promising.
Stocks have had a rough few weeks, but they started to improve last week after mildly positive Federal Reserve announcements and then further this week as Trump declared that the next round of tariffs may not be as broad. When Trump spoke Monday on social media platform Truth Social, he said that Venezuela may receive harsh tariffs, and then any country buying gas or oil from Venezuela will receive a 25% tariff.
Speaking on the broader tariff policy, though, Trump said that he may give breaks to a lot of countries with the next round of tariffs, to be announced on April 2nd. That confirmed recent reports saying that Trump may go lighter on his future tariff policies and give the stock market a little reprieve in the process.
Wide Stock Market Gains
The news spread through the stock market in the form of stock price increases, signaling increased trading and higher investor confidence in the market’s health. Tesla (TSLA) was leading the way with another increase, this time by 11.29%, which puts it right back to where it was early on in November, at the start of its election bump.
Microsoft (MSFT) continued to tick up, adding 0.47%. This stock fell dramatically early on this year but has been in a recovery phase for the last week and a half.
Nvidia (NVDA) helped the tech stock-heavy index Nasdaq with a 3.5% increase. This stock is now at the same level it was in early February. Several weeks of gains have helped the chipmaker defy the overall stock market bearish trend.
PepsiCo (PEP) has moved dramatically over the last few months. Instead of trending down like most top stocks, it has fluctuated wildly between highs and lows. PepsiCo is now at about the midpoint of its fluctuations, neither very high nor very low. Investors are likely waiting to see how Trump’s new tariff policies will directly affect the stock.
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