US stocks increased by high levels on Monday as US President Donald Trump said he would impose 25% tariff On steel and aluminum imports.
Trump also said that he would announce a mutual tariff on all countries on Tuesday or Wednesday.
By the eastern time at 10:15, S&P 500 was up 0.6%. Dow Jones Industrial Average was 0.3% and Nasdaq Composite was 1.1% higher.
In the initial bell, Dow Jones Industrial Average rose 93.5 points or 0.21%to 44,396.92. S&P 500 20.4 points, or 0.34%increased to 6,046.4, while the NASDAQ composite increased by 144.8 points or 0.74%to 19,668.178.
In the bond market, the yield on a 10 -year Treasury fell from 4.50% to 4.46% late Friday. The yield on a 2 -year treasury was 4.29% to 4.25%.
Beneficial and losers
Stock jumps of US steel and aluminum producers, banking tariffs on expectations can help their profits.
US Steel increased by 3.3%, Cleveland-Cliff rose 11.6%and Alcoa climbed 3.8%.
Between the megacaps, the Nvidia stock climbed 3.5%, while the Apple and Microsoft stock increased by about 1%.
General Motors shares fell 0.9% and Ford Motor fell 0.5%.
Rockwell Automation Stock Advanced 9.6%after posting high-to-appropriate benefits for the first quarter by automation products manufacturer.
Shares of McDonald’s increased by 4.9% after shy, shy from the expectations of analysts, benefits for the end of 2024 and revenue.
Bullion
Gold prices His record rally continued on Monday and broke through a level of $ 2,900 for the first time, which was inspired by safe-horn demand.
According to Spot Gold 09:43 AM ET (1443 GMT), it increased to 1.6% $ 2,905.25 per ounce. The US gold futures rose 1.5% to $ 2,930.90.
Spot silver rose 1% to $ 32.12 per ounce.
Crude oil
Oil prices overturned on Monday despite the apprehensions on a possible global trade war after Trump’s latest tariff plans.
Brent crude futures were 87 cents, or 1.2%, $ 75.53 per barrel 1413 GMT. The US West Texas Intermediate Crude added 1.3%, increased to $ 71.90 by 90 cents.
