US Markets React Positively to Trade War Developments

In a surprising turn of events, the US stock market closed higher on Tuesday, buoyed by the decision to delay the imposition of 25% tariffs on Mexico and Canada. This development, coupled with the latest economic indicators, has injected a dose of optimism into the market.

Key Market Movements

The Dow Jones Industrial Average saw a modest increase of 0.30%, with Chevron Corporation leading the charge with a 2.60% rise. The tech-heavy Nasdaq 100 wasn't far behind, climbing 1.26%, while the S&P 500 added 0.72% to its value. Notably, Palantir Technologies Inc. experienced a significant surge, jumping 23.99% on both indexes.

Currency Movements

On the currency front, the euro made notable gains against the dollar, trading at $1.03853 by 3:58 pm ET, marking a 0.87% increase.