US Markets Respond Positively to Trade Developments

In a significant turn of events, the United States stock markets closed higher on Tuesday, buoyed by the decision to delay the imposition of 25% tariffs on Mexico and Canada by 30 days. This move has temporarily eased the fears of an escalating trade war, allowing investors to breathe a sigh of relief.

Economic Indicators and Corporate Performances

Amidst the trade tensions, the markets also closely monitored Beijing's counter-tariffs, the latest job openings report, and factory orders data for December. These indicators provided a mixed bag of results, offering insights into the economic health and consumer confidence.

Highlighting the day's performance, the Dow Jones Industrial Average saw a modest increase of 0.30%, with Chevron Corporation leading the charge with a 2.60% rise. The Nasdaq 100 and the S&P 500 also enjoyed gains, propelled by a significant surge in Palantir Technologies Inc. shares, which jumped 23.99% on both indexes.

Currency Movements

On the currency front, the euro made notable gains against the dollar, trading at $1.03853 by late afternoon, marking a 0.87% increase. This movement reflects the broader market's reaction to the day's economic developments and trade news.