Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Dow, S&P 500, Nasdaq set to bounce back as Trump tariff move buoys steelmakers
Finance

Dow, S&P 500, Nasdaq set to bounce back as Trump tariff move buoys steelmakers

February 10, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dow, S&P 500, Nasdaq retreat amid angst on inflation, tariffs
Share
Facebook Twitter LinkedIn Pinterest Email

US shares climbed earlier than the bell on Monday, eyeing a bounce-back from sharp losses as steelmakers rallied after President Donald Trump stated he’ll impose new tariffs on metal and aluminum imports.

Dow Jones Industrial Common futures () added 0.3%, after the blue-chip index on Friday booked its worst loss in almost 4 weeks. S&P 500 futures () rose roughly 0.5%, whereas contracts on the tech-heavy Nasdaq 100 () popped 0.7%.

Buyers are weighing Trump’s pledge on Sunday to introduce extra 25% tariffs on metal and aluminum from all international locations, with the official announcement anticipated on Monday.

The transfer marks one other escalation in Trump’s fast-moving coverage overhaul and within the odds of a commerce warfare. Main US suppliers Canada and Mexico — already threatened with tariff hikes, at the moment on pause — face vital impression.

Markets have been already bracing for reciprocal tariffs, which Trump stated can be introduced on Tuesday or Wednesday, with quick impact. The tariffs will apply to all buying and selling companions and can match the duties levied on US merchandise by every nation.

The brand new metals tariffs are prone to profit US metal corporations, whose inventory jumped in pre-market buying and selling. Shares in Cleveland-Cliffs (CLF) and Nucor (NUE) each rose over 8%, whereas US Metal (X) placed on 6% — although questions stay a couple of proposed Nippon Metal buyout. Aluminum producer Alcoa’s (AA) inventory additionally gained.

However buyers are involved the rising checklist of tariff hikes may drive up inflation, prone to stall interest-rate cuts. The January shopper worth index studying due on Wednesday can be intently watched for clues, alongside the week’s updates on retail gross sales.

On the company entrance, 78 S&P 500 corporations, are set to report earnings this week. McDonald’s (MCD) outcomes are anticipated on Monday, with Coca-Cola (KO), Tremendous Micro Pc (SMCI), and Airbnb (ABNB) to observe.

Coming quickly

Inventory market protection for Monday, Feb. 10, 2025

Source link

Bounce Buoys Dow move Nasdaq set steelmakers tariff Trump
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Harvard President Takes Serious Swipe At Trump Without Saying His Name At Commencement

May 30, 2025

What a federal trade court block on Trump tariffs means for consumers

May 30, 2025

IndiGo inks pact with BIAL to set up major MRO facility at Bengaluru airport | Bangalore News

May 30, 2025

Heavy-duty truck parts maker, distributor to close after 46-year run

May 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Awestruck Cole Caufield drops 4-word reaction as Trevor Zegras models Greyson’s summer collection in latest photoshoot

May 30, 2025

Harvard President Takes Serious Swipe At Trump Without Saying His Name At Commencement

May 30, 2025

Kylie Jenner’s Salmon Sperm and Surgery ‘Addiction’

May 30, 2025

Sharp surge in number of rural women able to do online banking, UPI a key enabler | Business News

May 30, 2025
Popular Post

Prince Harry’s Pal Reveals Royal Family Secret: ‘VERY Dysfunctional’

Cong presidential poll: UP unit denies ‘irregularities’, says Tharoor men ‘outsiders’, ‘got confused’

Aurora police look for driver in fatal Christmas hit-and-run

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.