T&G Market Recap: S&P 500 and Nasdaq Surge as Nvidia Shines, Investors Shrug Off Trump's Tariff Threats 🚀💰

Stocks rose on Monday, led by a tech rally and a bounce in steel stocks, as markets brushed off President Trump's latest tariff announcements. ⚡️📈

US stocks experienced a solid bounce-back on Monday, with tech stocks leading the charge, as investors looked past President Trump's latest tariff threats, including new levies on steel and aluminum imports. Despite fears of a growing trade war, stocks finished strong, with the S&P 500 up 0.6%, the Nasdaq rising nearly 1%, and the Dow Jones adding 0.4%.

Key Highlights of the Day 🏅📊

• Nvidia (NVDA) surged by 3%, benefiting from Wall Street’s bullish outlook on the AI sector.

• Steel stocks spiked after Trump announced 25% tariffs on steel and aluminum imports. Cleveland-Cliffs (CLF), Nucor (NUE), and US Steel (X) all saw major gains.

• Gold broke records, trading past $2,900/ounce as investors flocked to safe-haven assets amid rising trade tensions. 📈💎

Trump's Tariff Threats and the Market Reaction 💥🌍

• Trump's weekend announcement of 25% tariffs on steel and aluminum imports sparked concern in the market. Despite this, US stocks showed resilience, largely brushing off the tariff news.

  • Many analysts now believe these tariffs are part of Trump’s negotiation tactics, rather than the beginning of a full-scale trade war.

  • Steel companies like Cleveland-Cliffs, US Steel, and Nucor saw major boosts as investors anticipated that the new tariffs would help protect US manufacturers. 🏗️

Despite these tariff threats, markets mostly ignored the potential long-term effects, with some experts calling these moves part of Trump's fast-moving policy overhaul. Markets are growing accustomed to the trade salvos, and some even believe they are strategic negotiations rather than actual policy shifts. 📉💼