Stock Market Starts Trump’s Second Term on a Positive Note

Stock indexes in the United States opened higher on Tuesday as major companies reported promising profit results. The S&P 500 rose 0.6% in early trading, while the Dow Jones Industrial Average climbed 205 points (0.5%), and the Nasdaq composite added 0.5%. These gains mark the first day of trading during Donald Trump’s second term as president. Markets remain cautious but optimistic as Trump’s “America First Trade Policy” memo, released on Monday, reassured investors by delaying immediate tariff hikes.

Stock Optimism Amid Profit Reports and Trade Policy Reassurances

Tuesday’s market movements also reflected global reactions to Trump’s return to the White House. Futures for the S&P 500, Dow, and Nasdaq saw pre-market gains of 0.4% to 0.5%, reflecting investor sentiment buoyed by corporate earnings and policy clarity. Notably, 3M shares surged nearly 4% after exceeding Wall Street’s Q4 expectations, while Walgreens faced a 7% decline due to a government lawsuit over improper prescription practices.

Globally, European markets displayed mixed results. France’s CAC 40 rose 0.1%, Germany’s DAX fell 0.1%, and Britain’s FTSE 100 remained flat. In Asia, Hong Kong’s Hang Seng index gained 0.9%, driven by Country Garden’s positive creditor developments. Meanwhile, the Shanghai Composite dipped 0.1%, and Japan’s Nikkei 225 advanced 0.3%.

Trump Token Tumbles as Bitcoin Holds Steady

Bitcoin hovered near record highs at $104,425, maintaining its strength despite market volatility. Conversely, Trump’s recently launched cryptocurrency suffered a sharp 22% drop, trading at $37 after peaking at $70 over the weekend. Although marketed as tokens of support rather than investments, the token’s volatility has drawn significant attention.

As Wall Street navigates Trump’s second term, investors await further developments in trade and economic policies, which could shape global and domestic markets in the weeks ahead.

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