Stock market today: Dow, S&P 500, Nasdaq rise as Trump holds off on tariffs
Published On Jan 21, 2025, 2:35 PM
US stocks saw an uptick on Tuesday following the inauguration of President Donald Trump, highlighted by significant gains in the Dow Jones Industrial Average, which was led by strong earnings from 3M Company. However, there were concerns in the market due to Trump's announcement regarding potential tariffs on Mexico and Canada, creating uncertainty for investors. Notably, Apple’s stock suffered a decline following downgrades related to expected weak iPhone sales, while Oracle’s stock enjoyed a boost tied to a new AI investment initiative announced by Trump. The upcoming earnings reports, including those anticipated from Netflix and Charles Schwab, are expected to provide further direction for the market.
Stock Forecasts
MMM
Positive
3M Company reported optimistic guidance, boosting its stock and possibly indicating a broader positive sentiment in industrials.
AAPL
Negative
Apple's stock faced downgrades due to concerns about iPhone sales and lack of consumer interest in AI, indicating a potential risk moving forward.
ORCL
Positive
Oracle is poised to benefit from involvement in a significant investment in AI, representing a positive outlook for its stock.
TSLA
Negative
Tesla's stock is negatively impacted following the repeal of an electric vehicle mandate, showing volatility in the EV sector amid changing policies.
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