Market Recovery Amid Trade War Fears

In a significant turn of events, the US stock markets closed with notable gains on Tuesday. This positive shift came as the decision to impose a 25% tariff on Mexico and Canada was postponed for 30 days, easing immediate trade war fears. Investors also reacted to Beijing's counter-tariffs, the latest job openings report, and December's factory orders data, which collectively painted a complex picture of the current economic landscape.

Index Performance Highlights

The Dow Jones Industrial Average saw a modest increase of 0.30%, while the Nasdaq 100 surged by 1.26%. The S&P 500 also enjoyed a healthy rise of 0.72%, signaling a broad-based recovery across major indices.

Currency Movements

In currency markets, the euro made significant gains against the dollar, appreciating by 0.87% to trade at $1.03853 by 3:58 pm ET. This movement reflects the shifting dynamics in international trade and investor sentiment.

More updates to follow...