The broad industrial average S&P 500 and Dow Jones rose approximately 0.6%, while the Nasdaq centered on technology increased 0.8%.
Many investors are waiting to see how important the drag rates are ultimately in the economy, although the signals are already starting to assemble that it could be substantial as the labor market has slowed down and price pressures increase.
Even so, the performance of the main indexes is now more linked to the profits of large technological companies, which have seen that their valuations are triggered thanks to artificial intelligence bets. Trump also indicated yesterday that there would be wide exemptions in his plan to establish new commercial tariffs in semiconductors, which means that these same technology companies are probable to remain relatively unscathed from higher import taxes in the chips.
“Technological actions have continued to drive a buoyant mood in the markets,” said Deutsche Bank Peter Siderov in a note to customers today, adding that the optimistic movement has arrived “despite the fact that Trump describes a plan for 100% of the rates in the semiconductors, with the impact of these mitigated by the windows.”
