Market Opens Higher Amid New Tariffs

Wall Street's major stock markets experienced a positive start this Monday, fueled by President Donald Trump's announcement of imposing 25% tariffs on all steel and aluminum imports. This decision has notably increased the stock values of US Steel and gold, signaling a robust market response.

Corporate Earnings in Focus

In the corporate sector, McDonald's, a global leader in the food industry, unveiled its fourth-quarter earnings report before the market opened. This report is keenly awaited by investors for insights into the company's performance and future outlook.

Indexes and Stocks Performance

The Dow Jones Industrial Average saw a significant rise, jumping 0.73% or 316 points at the opening, with McDonald's Corp. shares trading 4.44% higher. The Nasdaq 100 increased by 0.78%, with MicroStrategy Inc. shares going up by 3.58%. The S&P 500 also gained 0.49%, largely due to Nucor Corporation's shares skyrocketing by 7.35%.

Currency Movements

In currency news, the euro traded 0.22% lower against the dollar at 9:29 am ET, settling at 1.03051.