On Monday, February 10, U.S. markets closed greater, driven by gains in Nvidia and other AI-related stocks. Steelmakers rallied after President Trump revealed brand-new tariffs on steel and aluminum imports. U.S. metals manufacturers saw significant gains, with business like Nucor, U.S. Steel, and Steel Characteristics increasing greatly. Financiers stay positive as business incomes exceed expectations, signifying more powerful development than at first predicted for the year ahead.
Relating to financial information, U.S. customer inflation expectations for the approaching year stayed the same at 3% in January for the 3rd successive month.
The majority of S&P 500 sectors increased Monday, with energy, tech, and energies blazing a trail, while monetary and energies stocks decreased.
The Dow Jones Industrial Average was up 0.38% and closed at 44,470.41, the S&P 500 closed greater by 0.67% at 6,066.44, and the Nasdaq Composite increased 0.98% to complete at 19,714.27.
Aisa Markets Today
- Japan markets closed for the National Day vacation.
- On Tuesday, Australia’s S&P/ ASX 200 increased 0.01% to 8,484.00, led by gains in the Gold, Industrials and IT sectors.
- India’s Nifty 50 closed lower by 1.33% at 23,070.50, and Nifty 500 moved 2.01%, closing at 20,942.50, led by losses in the Realty, Capital Item and Vehicle sectors.
- China’s Shanghai Composite fell 0.12% and closed at 3,318.06; Shanghai Shenzhen CSI 300 was down 0.46% at 3,883.14.
- Hong Kong’s Hang Seng closed the session greater by 1.06% at 21,294.86.
Eurozone at 05:30 AM ET
- The European STOXX 50 was up 0.09%.
- Germany’s DAX decreased 0.01%.
- France’s CAC got 0.07%.
- U.K.’s FTSE index 100 traded lower by 0.01%
Products at 05:30 AM ET
- Petroleum WTI was trading greater by 1.34% at $73.30/ bbl, and Brent was up 1.38% at $76.92/ bbl.
- Petroleum costs increased amidst supply issues from Russian and Iranian sanctions, in spite of worries that Trump’s tariffs and prospective trade wars might slow worldwide development.
- Gas got 1.77% to $3.505.
- Gold was trading lower by 0.05% at $2,933.01, Silver was down 0.83% to $32.220, and Copper moved 1.87% to $4.6190.
- Gold rose to tape-record highs as Trump’s 25% steel and aluminum tariffs sustained trade dispute and inflation issues. Financiers looked for safe-haven properties while Chinese steel stocks fell and worldwide exporters weighed actions.
U.S. Futures at 05:30 AM ET
Dow futures were down 0.20%, S&P 500 futures decreased 0.31%, and Nasdaq 100 futures fell 0.43%.
Forex at 05:30 AM ET
The U.S. Dollar Index decreased 0.04% to 108.29, USD/JPY was up 0.07% to 152.12, and USD/AUD fell 0.01% to 1.5933.
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