US Markets React to New Tariffs
In an early morning surge, US stocks climbed premarket on Monday. This uptick followed President Donald Trump's announcement of a 25% tariff on all steel and aluminum imports. The move has notably propelled US Steel's shares to soar by 11% in premarket trading.
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Gold Hits Record High
Amidst these developments, gold prices have reached a new pinnacle, hitting a record high of $2,892 earlier today. This surge underscores the metal's safe-haven appeal during times of economic uncertainty.
Earnings in Focus: McDonald's Leads the Pack
As the week unfolds, McDonald's earnings report is highly anticipated, marking a significant point in a week packed with earnings announcements from various companies. Investors are keenly awaiting these results for insights into the broader economic landscape.
At 4:25 am ET, the Dow Jones gained 0.28%, the Nasdaq 100 added 0.59%, and the S&P 500 improved by 0.39%. Meanwhile, the euro traded flat against the dollar, standing at 1.03277 at 4:26 am ET.
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