(Reuters) – The New York Stock Exchange opened higher on Monday, investors reacting to information from the Washington Post suggesting a plan for tariffs by the next Trump administration that are less aggressive and more targeted than expected.
In early trading, the Dow Jones index gained 103.4 points, or 0.24%, to 42,835.52 points and the broader Standard & Poor’s 500 rose 0.68% to 5,982.81 points.
The Nasdaq Composite, driven by the rise in the technology sector, gained 1.17%, or 230.3 points, to 19,851.99 points.
According to an article published earlier today by the Washington Post, the president-elect’s advisers are studying proposed tariffs that would apply to all countries but would only concern sectors deemed essential to national or economic security.
The information from the Washington Post focuses on sectors considered to be the most at risk, such as the automobile industry. Ford gained 2.88% while General Motors advanced 2.68%.
The semiconductor compartment is also advancing, also driven by the announcement made on Friday by Microsoft (+1.21%) on its investment plans in artificial intelligence in 2025. Nvidia and AMD gain more than 3%, while that Micron Technology climbs 9.15%.
Investors are also preparing for a busy week which will see the publication of several favored indicators by the Federal Reserve, including the highly anticipated employment report in December, as well as several speeches by officials of the American central bank.
(Written by Pauline Foret, edited by Blandine Hénault)
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