Stock market indices have performed well on Monday in response to optimism that President Trump will soften his stance on tariffs. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite were up 1.42%, 1.76%, and 2.27% respectively. Among the stocks that had good performances were Tesla, Meta Platforms, and Nvidia. While there is still some concern over increasing inflation as well as a possible recession, the outlook has improved due to reports that tariffs will be delayed as well as narrow in scope. It will be interesting to see how President Trump’s announcement of possible tariff “flexibility” will impact consumer sentiment.
https://www.cnbc.com/2025/03/23/stock-market-today-live-updates-.html
2 comments:
Traders are undoubtedly happy to see the possibility of tariff "flexibility" as reflected by the market. It is good to see some of the industry leaders leading the gains as well as they have been beaten down this year. It will be interesting to see if this sentiment remains and for how long.
I wonder if Trump always was going to be flexible. And so he is bluffing with most of the high tariffs, and now that the market has responded well that he will either lower them or not even do them to certain countries.
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