Wall Street Opens Higher Amid Tariff Announcements

Major stocks on Wall Street experienced an upward trend at the opening bell on Thursday. This comes as investors analyze US President Donald Trump's announcement of new tariffs. A 25% tariff on imports from Mexico and Canada, alongside an additional 10% on existing duties on China, are set to be implemented on March 4.

Economic Data and Nvidia's Performance

Investors also focused on key economic data, including reports on initial jobless claims and gross domestic product (GDP) figures. Nvidia's stock saw an uptick following the release of quarterly results and a future outlook that surpassed expectations.

Market Movements

The Dow Jones Industrial Average increased by 0.42% or 181 points. The Nasdaq 100 gained 0.74%, and the S&P 500 increased by 0.49%. The euro lost 0.48% to the dollar at 3:59 pm ET, selling for $1.04355.