Market Responds to New Tariffs and Economic Indicators

Following President Donald Trump's announcement of new tariffs on imports from Mexico, Canada, and additional duties on China, Wall Street witnessed an uptick in major stocks at the opening bell. Investors are closely analyzing the potential impacts of these tariffs set to be implemented on March 4, alongside key economic data including initial jobless claims and GDP figures.

Nvidia's Quarterly Results Surpass Expectations

Nvidia's stock experienced a significant boost after releasing quarterly results and a future outlook that exceeded market expectations. This development has contributed to the positive momentum in the technology sector.

Stock Market Performance

The Dow Jones Industrial Average saw an increase of 0.42%, while the Nasdaq 100 and the S&P 500 also recorded gains of 0.74% and 0.49% respectively. Notable movements included Amazon.com Inc. trading 2.08% higher and Warner Brothers Discovery Inc. adding 10.86%.

Currency Movements

In currency markets, the euro experienced a slight decline against the dollar, selling for $1.04355 at 3:59 pm ET, marking a 0.48% decrease.