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Barchart
Barchart
Rich Asplund

Stocks Supported by Trump Tariff Delays and Lower Bond Yields

The S&P 500 Index ($SPX) (SPY) today is up +0.35%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.08%.  March E-mini S&P futures (ESH25) are up +0.41%, and March E-mini Nasdaq futures (NQH25) are up +0.18%. 

Stocks are moving higher today, with the S&P 500 posting a 3-1/2 week high, the Dow Jones Industrials posting a 5-week high, and the Nasdaq 100 posting a 2-week high.  Stocks are climbing today as jitters over Trump tariff threats temporarily subsided after President Trump stopped short of imposing new tariffs on China and Europe during his first day in office.  However, Trump ordered his administration to address unfair trade practices globally and outlined plans to impose tariffs of 25% on Canadian and Mexican goods on February 1. 

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