Market Reacts to New Tariffs

Following President Donald Trump's announcement of a 25% tariff on all steel and aluminum imports, US stocks saw a significant uptick in premarket trading. Notably, US Steel shares surged by 11%, showcasing the immediate impact of the new policy on the market.

Gold Hits Record High

In parallel, gold prices climbed to a new all-time high of $2,892, reflecting investors' shifting priorities amidst the changing economic landscape. This milestone underscores the precious metal's role as a safe haven during times of economic uncertainty.

Earnings in Focus: McDonald's Leads the Pack

Today's financial spotlight shines on McDonald's, as the fast-food giant is set to release its earnings report. With a packed earnings schedule for the week, all eyes are on how major corporations will navigate the current economic environment.

Market indices also reflected positive sentiment, with the Dow Jones gaining 0.28%, the Nasdaq 100 adding 0.59%, and the S&P 500 improving by 0.39% at 4:25 am ET. Meanwhile, the euro remained stable against the dollar, trading at 1.03277 at 4:26 am ET.