U.S. stocks fluctuated but ultimately gained, with the S&P 500 closing close to its all-time high. President Trump interpreted market gains as investor approval of his tariff threats against partners like the European Union and Mexico. Equities started strong after these threats, with notable increases among major indices. Analysts suggest that while tariffs create uncertainty, there is a need for trade policy to support stock growth. Upcoming inflation data and earnings reports could significantly impact the market's trajectory.
President Trump is taking recent stock-market highs as a sign investors approve of his threats to slap tariffs on trading partners—and so far, the markets are proving him right.
Equities started strong after a fresh round of tariff threats, with the S&P 500 gaining 0.17%, and closing near its all-time high set on Thursday.
Deutsche Bank's Jim Reid noted that the markets have learned to ignore such tariff threats, calling them 'mostly a negotiating tactic.'
LPL Financial indicated tariffs influence key drivers of stock market performance: economic and corporate profit growth, inflation, and interest rates.
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