Wall Street Opens Higher Amid Tariff Announcements

Major stocks on Wall Street traded higher at the opening bell on Thursday. Investors were assessing US President Donald Trump's announcement of new tariffs. A 25% tariff on imports from Mexico and Canada, along with an additional 10% tariff on China, are set to be implemented on March 4.

Economic Data and Nvidia's Performance

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

Market Performance

The Dow Jones Industrial Average increased by 0.42% or 181 points. The Nasdaq 100 gained 0.74%. The S&P 500 increased by 0.49%. Amazon.com Inc. traded 2.08% higher, and Warner Brothers Discovery Inc. added 10.86%. The euro lost 0.48% to the dollar at 3:59 pm ET, selling for $1.04355.