Stocks Rise as Trump’s AI Plan Offsets Tariff Risk: Markets Wrap
Published On Jan 22, 2025, 3:11 AM
US equity futures and European stocks rose as optimism around increased spending on artificial intelligence (AI) due to Donald Trump's policies outweighed concerns over potential tariffs. The Stoxx Europe 600 index is nearing record highs, while tech shares saw significant gains, notably after Trump announced a collaborative AI venture with SoftBank. Despite these gains, Chinese stocks experienced declines amid fears of a 10% tariff on goods from China. The mixed global market sentiment showcases the balancing act investors must navigate in response to evolving US policies.
Stock Forecasts
SOXX
Positive
The optimism surrounding AI investment could drive tech stocks higher, especially those involved in innovation and collaboration with major companies like SoftBank.
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