Market Reaction to Trump's Tariff Announcement

Following President Donald Trump's announcement of new tariffs on imports from Mexico, Canada, and China, Wall Street opened higher on Thursday. Investors are closely monitoring the situation, with tariffs of 25% on Mexico and Canada, and an additional 10% on China, set to take effect on March 4.

Economic Indicators and Corporate Earnings

Key economic data, including initial jobless claims and gross domestic product (GDP) figures, are also under scrutiny. In corporate news, Nvidia's stock saw an uptick after the company reported quarterly results that exceeded expectations, providing a positive outlook for the future.

Stock Market Performance

The Dow Jones Industrial Average, Nasdaq 100, and S&P 500 all experienced gains, with notable movements in Amazon.com Inc. and Warner Brothers Discovery Inc. stocks. The euro's value against the dollar also saw a slight decrease, trading at $1.04355 by late afternoon.