Traders work on the New York Stock Exchange trading floor during afternoon trading on Aug. 2, 2024.
Michael M. Santiago | Michael M. SantiagoGetty Images
Stock index futures were trading flat Tuesday morning Dow Jones Industrial Average Closed at new Record.
Futures and Dow Chemical Up 23 points, or 0.05%. S&P 500 Index Futures trade near the flat line, and Nasdaq 100 Futures It rose slightly by 0.1%.
On Monday night, President-elect Trump called for 25% tariff Increase tariffs on products from Mexico and Canada, and impose a 10% tariff on Chinese goods. he has Already said he will impose tariffs up to 20% Impose an additional tariff of at least 60% on all imported products.
Driven by Trump’s new policies, the stock market experienced an action-packed session. Candidate for Finance Ministerhedge fund executive Scott Bessant. The gains helped bolster belief that the post-election rally was back in full force after a brief respite.
The 30 stocks in the Dow Jones Index rose about 440 points, or about 1%, in regular trading, setting a new closing record. this S&P 500 Index rose 0.3% to hit a new intraday high, while Nasdaq Index It rose slightly by about 0.3%. this Russell 2000 The stock hit a new intraday high, its first record since 2021, as investors piled into small-cap stocks.
Meanwhile, U.S. Treasury yields fell as traders declined taken Positive view of Bessant leading the Treasury Department. Given the hedge fund manager’s background, many investors see him as a champion of financial markets and the economy and one who could potentially offset some of Trump’s aggressive trade aspirations.
“It may take more time for these policies to really work in the market,” Cameron Dawson, chief investment officer at NewEdge, told CNBC.end bellOn Monday, the Treasury Department singled out potential new policies. “How much impact he can have in the short term throughout the year is definitely a question mark.”
U.S. markets are closed Thursday for the Thanksgiving holiday and will close early Friday, with trading volumes expected to remain light. Before the holiday, investors pay attention to the personal consumption expenditures price index in October.
