The markets are off to a positive start this week, with all major stock indices in the green, led by a notable gain in the Nasdaq. President Trump's announcement of proposed 25% tariffs on steel and aluminum imports has prompted a surge in the steel sector, with companies like Nucor seeing significant stock price increases. McDonald's reported disappointing Q4 earnings, but a surprise rise in same-store sales boosted its stock value by nearly 5%. Investors are also preparing for key economic data, including inflation readings, expected later this week.
The markets are kicking off the week with gains, led by the Nasdaq, despite renewed focus on tariffs and upcoming economic data influencing investor sentiment.
In response to President Trump's proposed 25% tariffs on steel and aluminum imports, steel stocks have surged, reflecting investor optimism about U.S. production.
McDonald's reported a significant miss on its Q4 earnings, yet a surprise climb in same-store sales and a positive outlook for 2025 drove its shares up nearly 5%.
Investors are closely monitoring economic data, particularly a key inflation reading expected midweek, indicating a cautious optimism amid tariff discussions.
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