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Wall St hits one-week high after report of selective Trump tariffs

Cover Image for Wall St hits one-week high after report of selective Trump tariffs

Advancing issues outnumbered decliners by a 2.16-to-1 ratio on the NYSE and by a 2.17-to-1 ratio on the Nasdaq.

NEW YORK: Wall Street’s main indexes rose on Monday to one-week highs as optimism around AI boosted semiconductor stocks, and a report suggested the incoming Trump administration could adopt a less aggressive stance on tariffs than previously anticipated.

At 9.47 am ET, the Dow Jones Industrial Average rose 174.85 points, or 0.41%, to 42,906.98, the S&P 500 gained 60.89 points, or 1.02%, to 6,003.36 and the Nasdaq Composite gained 300.71 points, or 1.53%, to 19,922.39.

Automakers rose, with Ford up 2.6% and General Motors gaining 2.8% after a report said President-elect Donald Trump’s incoming administration is currently focused on imposing universal tariffs, but only on certain sectors deemed critical to national or economic security. However, Trump later refuted the report.

Tags:AI optimism boosted semiconductor stocksall Streetless aggressive stance on tariffsmain indexesone-week highsRoseTrump administration


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