Major U.S. Stock Markets Continue Positive Trend

Following the White House's confirmation of a delay in auto tariffs, major stock markets in the United States maintained their upward trajectory on Wednesday. This development has sparked optimism among investors and industry stakeholders alike.

White House Confirms Tariff Delay

Press Secretary Karoline Leavitt highlighted that the Trump administration had convened with leading automotive executives, including representatives from Ford Motor Co., General Motors Co., and Stellantis NV, to deliberate on potential modifications to the tariff strategy. It was announced that vehicles imported under the USMCA (United States-Mexico-Canada Agreement) would benefit from a one-month exemption. However, Leavitt underscored that reciprocal tariffs would still be implemented as planned on April 2.

Market Reaction

At 2:14 pm ET, the Dow Jones Industrial Average witnessed a significant surge, climbing 1.34% or 568 points, while the Nasdaq 100 index saw an increase of 1.53%. Similarly, the S&P 500 index enjoyed a 1.29% rise. Concurrently, the euro appreciated by 1.58% against the dollar, trading at $1.07751 at the same time.