Wall Street today: US stocks rise as investors await Trump’s trade policy | Stock Market News

US stock indices rose on Tuesday, as investors’ focus shifts on President Donald Trump’s executive orders on energy and immigration, while awaiting his trade policy.

After being sworn in as 47th US President, Trump said he was thinking about imposing duties on Canadian and Mexican goods as early as February 1.

At 09:57 a.m. the Dow Jones Industrial Average rose 258.04 points, or 0.59 per cent, to 43,745.87, the S&P 500 gained 26.73 points, or 0.45 per cent, to 6,023.39 and the Nasdaq Composite gained 13.90 points, or 0.07 per cent, to 19,644.10.

At the opening bell, the Dow Jones Industrial Average rose 40.8 points, or 0.09 per cent, to 43,528.65. The S&P 500 rose 17.5 points, or 0.29 per cent, to 6,014.12​, while the Nasdaq Composite rose 104.2 points, or 0.53 per cent, to 19,734.391.

Apple stock fell 3.7 per cent after brokerage Jefferies cut rating on the iPhone maker’s stock to ‘underperform’.

Automakers General Motors and Ford edged up 1.6 per cent and 0.8 per cent, respectively, while EV maker Tesla shed 3.1 per cent.

3M shares rose 4.5 per cent after the company posted upbeat fourth quarter results.

Charles Schwab stock surged 7 per cent after the brokerage firm’s profit rose 44% in the fourth quarter.

Moderna stock soared 9.3 per cent after securing $590 million from the US to hasten development of its bird flu vaccine.

In the bond market, the yield on the 10-year Treasury fell to 4.56 per cent from 4.62 per cent late on Friday.

Bullion

Gold prices jumped on Tuesday, supported by a weaker US dollar.

Spot gold climbed 1.1 per cent to $2,738.19 per ounce by 10:00 a.m. ET (1500 GMT). US gold futures were 0.2 per cent higher at $2,754.40.

Spot silver rose 0.7 per cent to $30.71 per ounce.

Crude oil

Oil prices fell on Tuesday, with Brent crude down 0.9 per cent at $79.44 a barrel, while US WTI crude was 1.7 per cent lower at $76.54 a barrel.