Market Reaction to New Tariffs

Wall Street experienced a positive start to the week as investors reacted to President Donald Trump's announcement of imposing a 25% tariff on steel and aluminum imports. This move has notably increased the stock values of US Steel and gold, indicating a bullish market sentiment.

Corporate Earnings Spotlight

In the corporate sector, McDonald's, a global leader in the food industry, disclosed its fourth-quarter earnings before the market opened, adding to the day's significant financial disclosures.

Index Performance

The Dow Jones Industrial Average saw a significant rise, climbing 0.73% or 316 points at the opening. McDonald's Corp. shares surged by 4.44%, while the Nasdaq 100 and S&P 500 also enjoyed gains, with MicroStrategy Inc. and Nucor Corporation leading the charge with notable increases.

Meanwhile, the euro experienced a slight decline against the dollar, trading 0.22% lower at 9:29 am ET, setting the exchange rate at 1.03051.