WALL STREET ENDS HIGHER ON TECH – Investors analyse Trump’s tariff threats
The benchmark S&P 500 and the Nasdaq ended higher, as technology stocks rebounded, while investors digested President-elect Donald Trump’s tariff pledges on top trade partners and the latest minutes from the Federal Reserve.
U.S. short-term interest-rate futures pared earlier losses after the Fed’s latest minutes showed officials appeared divided over how much further they may need to cut interest rates.
The minutes of the Nov. 6-7 meeting also showed the group agreed this was a moment to avoid giving much concrete guidance about how U.S. monetary policy is likely to evolve in the weeks ahead.
Trump said he would impose a 25% conditional tariff on Canadian and Mexican imports. He also outlined “an additional 10% tariff, above any additional tariffs” on imports from China.
Due to this, the Dow Jones Industrial Average rose 123.74 points, or 0.28%, to 44,860.31, the S&P 500 gained 34.26 points, or 0.57%, to 6,021.63 and the Nasdaq Composite gained 119.46 points, or 0.63%, to 19,174.30.
