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American stocks rose on Monday, as they bounced from sharp losses, as steel makers gathered after President Donald Trump said that he would impose a new tariff on steel and aluminum imports.
Dow Jones Industrial Malce (^DJI) added 0.2 %, after the blue chip index booked its worst loss in nearly four weeks. The S&P 500 (^GSPC) increased by approximately 0.4 %, while the nasdaq (^IXIC) was launched by 0.7 %.
Investors weigh that Trump’s pledge on Sunday to provide an additional 25 % tariff on steel and aluminum from all countries, with the expectation of the official announcement on Monday.
The new metal tariffs from American steel companies, whose shares jumped. The shares in Cleveland-CLIFS (CLF) increased by more than 14 %, while NUCOR (NUE) increased by 7 %, put the American steel (X) by 3 %, where questions about the proposed Nippon steel process remain. The stock of aluminum product (AA) has also acquired.
This step represents another escalation in Trump’s quick reform and the possibilities of trade war. The main suppliers in the United States Canada and Mexico – who are already threatened with increased tariffs, are currently temporarily – a major impact.
The markets were already preparing for mutual definitions, which Trump said would be announced on Tuesday or Wednesday, with an immediate impact. The definitions will be applied to all commercial partners and will match the duties imposed on American products by each country.
But the gains made by the US shares on Monday indicate that investors are accustomed to Trump’s trade. Many people now say that the ads are tactics negotiating only, some of them in Wall Street.
However, the markets are concerned that the increasing list of raising the tariff may lead to an increase in inflation, and it is likely to stop cuts in the interest rate. The consumer price index will be seen in January on Wednesday to obtain evidence, in addition to the week’s updates on retail sales.
On the corporate front, 78 S&P 500 company is scheduled to report profits this week. McDonald’s shares increased after the store’s sales themselves, overcoming expectations. Coca-Cola (Ko), Super Micro Computer (SMCI) and Airbnb (ABNB) have been set to follow this week.
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Gold gatherings exceed 2900 dollars an ounce amid tariff threats
Gold rose on Monday to trading after $ 2900 for the first time ever, as the tariff threats stimulated the purchase, while Wall Street analysts remained optimistic about the assets of safe haven.
Golden futures (GC = F) increased by more than 1.4 % to about $ 2,930 after achieving many high levels at all last week.
During the weekend, President Trump announced that he would provide a 25 % tariff for all steel and aluminum imports to the United States from all countries, as well as existing duties.
The President also said on Friday that he announced a retaliatory tariff plan against countries that impose fees for American goods. Meanwhile, the definitions entered last Tuesday in effect on the chosen Chinese goods.
Wall Street analysts remained optimistic about the precious metal amid the threats of the emerging tariff.
“We still consider gold an effective hedge of the wallet and diversity, and we believe that allocating about 5 % in a balanced US dollar portfolio is the best,” wrote Solta Marceli, the chief investment of investment in the Americas at UBS Global Management in the Monday note. .
General gold rose to about 10 %, after an increase of 27 % in 2024.
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