US stock market surges to record high despite Trump’s tariff threats
Al Jazeera
The S&P 500 rises 0.57 percent after US president-elect’s tariff announcements roil European and Asian markets.
US stocks have hit record highs despite United States President-elect Donald Trump’s pledge to impose sweeping tariffs that threaten to upend international trade.
The S&P 500, which measures the performance of 500 of the biggest US firms, rose 0.57 percent on Tuesday to top its previous high set on November 11.
The tech-heavy Nasdaq Composite climbed even higher, gaining 0.63 percent.
The Dow Jones Industrial Average, which tracks 30 large companies including Microsoft, McDonald’s and Goldman Sachs, rose 0.3 percent.
Some big-name individual stocks fell, including General Motors and Ford Motor, both of which import vehicles from Mexico, a target of Trump’s tariff threats.
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