On Tuesday, U.S. stocks climbed higher as Wall Street concluded the first trading day of President Donald Trump’s second term with an optimistic outlook.
The Dow Jones Industrial Average made a notable jump, gaining 537.98 points or 1.2%, closing at 44,025.81, based on data from FactSet. Similarly, the S&P 500 rose by 52.58 points, marking a 0.9% increase to settle at 6,049.24. Over in the tech sector, the Nasdaq Composite advanced 126.58 points, or 0.6%, wrapping up the day at 19,756.78.
Investors on Wall Street have been on edge about the potential impact of various tariffs on U.S. imports, which might rekindle inflation. This concern could negatively affect the government-debt market and subsequently drive interest rates upward. However, Tuesday saw mostly lower Treasury yields, with the 10-year rate dipping to 4.573%, hitting its lowest point since December 30, as reported by FactSet.
