US Markets Show Positive Signs Premarket

In a surprising turn of events, US stocks traded higher in the premarket this Monday. This uptick follows President Donald Trump's announcement of a 25% tariff on all steel and aluminum imports. Notably, US Steel shares surged by 11%, showcasing a significant impact of the new tariffs on the market.

Gold Prices Reach New Heights

Meanwhile, gold prices climbed to a fresh record high of $2,892 earlier today, indicating a bullish trend in the commodities market. Investors are closely watching these developments as they could signal broader economic shifts.

Earnings Season Kicks Off with McDonald's in Focus

As the earnings season unfolds, McDonald's is set to be the highlight of today's schedule. With a packed roster planned for the rest of the week, all eyes are on the fast-food giant to gauge consumer spending trends and economic health.

Market Indices Show Gains

The Dow Jones gained 0.28%, the Nasdaq 100 added 0.59%, and the S&P 500 improved by 0.39% at 4:25 am ET. The euro traded flat against the dollar, going for 1.03277 at 4:26 am ET, indicating a stable currency market amidst these changes.