- Analytics
- Market analysis
- Market Opinions
- Stocks Rise as Tariffs on Auto Imports Delayed
Stocks Rise as Tariffs on Auto Imports Delayed
Stocks saw
a rise yesterday after U.S President Donald Trump decided to delay imposing
tariffs on auto imports for a period that could go up to six months.
As reports
started coming in that the tariffs of as high as 25 percent on cars could be
stalled and US Treasury secretary Steven Mnuchin’s stated that he thinks “we are
close to an understanding with Mexico and Canada,” stocks were sent into the
green. According to Yahoo Finance, the S&P 500 rose 0.58 percent towards the
end of market close and the Dow rose 9.45 percent and Nasdaq advanced by 1.13
percent.
The European market also saw a rise as the Stoxx 600 was up by 0.5 percent and the
FTSE 100 was up 0.8 percent.
Disclaimer:
Analysis and opinions provided herein
are intended solely for informational and educational purposes and don't
represent a recommendation or investment advice by TeleTrade. Indiscriminate
reliance on illustrative or informational materials may lead to losses.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
