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<US Mkt>DJIA Surges 537 Pts at Close as Trump's Tariff Policy Eases; Oracle Leaps 7%+ Amid Rumors of Joining New AI Investment Plan
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On President Donald Trump's first trading day back at the White House, the market perceived the new tariff policy announced on Inauguration Day as milder than expected, resulting in a significant rally in US stocks on Tuesday. The S&P 500 closed up 52 points or 0.9% at 6,049. The DJIA closed 537 points or 1.2% higher at 44,025. The Nasdaq closed inclining 126 points or 0.6% at 19,756. 3M (MMM.US) reported earnings that beat analysts' expectations last quarter, elevating its stock price by 4.2%. Small-cap stocks were also on the rise, with the Russell 2000 index up about 2%. The Magnificent Seven delivered mixed performances. Amazon (AMZN.US) and Nvidia (NVDA.US) both climbed over 2%. Apple (AAPL.US) was downgraded by Jefferies to Underperform for disappointing revenue, sinking its stock price by 3.2%. Oracle (ORCL.US) surged over 7% amid reports about its participation in Trump's new AI investment plan to form a multi-billion USD joint venture with OpenAI and SoftBank. AAStocks Financial News |
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