US open: Stocks higher as investors shrug off tariff news
By Iain Gilbert
Date: Monday 10 Feb 2025
(Sharecast News) - Major indices were in the green early on Monday as market participants shrugged off tariff threats from the Trump White House.
As of 1525 GMT, the Dow Jones Industrial Average was up 0.24% at 44,411.68, while the S&P 500 advanced 0.36% to 6,047.50 and the Nasdaq Composite came out the gate 0.73% firmer at 19,665.99.
The Dow opened 108.28 points higher on Monday, taking a bite out of losses recorded on Friday after Donald Trump announced that he was planning to slap reciprocal tariffs on trading partners.
"I'll be announcing that next week reciprocal trade, so that we're treated evenly with other countries," said Trump. "We'll have a news conference, and we'll lay it out pretty simple."
Trump later announced that he plans to introduce a blanket 25% tariff on all steel and aluminium imports but fell short of specifying when the tariffs would be imposed. He also noted that he would also issue retaliatory tariffs on countries that tax US imports.
In the corporate space, fast food giant McDonald's said Q4 revenues fell 0.28% to $6.39bn, falling short of expectations for a reading of $6.45bn, with a 1.4% in US same-store sales offsetting a 0.4% increase in global same-store sales.
No major data points were scheduled to be released on Monday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Coca-Cola Co. (KO) $63.85 0.76%
Chevron Corp. (CVX) $152.55 0.47%
Visa Inc. (V) $348.27 0.16%
Dowdupont Inc. (DWDP) $0.00 0.00%
McDonald's Corp. (MCD) $294.30 -0.02%
Verizon Communications Inc. (VZ) $39.89 -0.15%
Johnson & Johnson (JNJ) $153.15 -0.25%
Goldman Sachs Group Inc. (GS) $655.90 -0.35%
JP Morgan Chase & Co. (JPM) $275.80 -0.40%
Caterpillar Inc. (CAT) $363.74 -0.43%
Dow Jones - Fallers
Amgen Inc. (AMGN) $293.54 -4.57%
Nike Inc. (NKE) $68.68 -4.27%
Intel Corp. (INTC) $19.10 -2.64%
Boeing Co. (BA) $181.56 -1.79%
Apple Inc. (AAPL) $227.63 -1.71%
Walmart Inc. (WMT) $101.15 -1.65%
Home Depot Inc. (HD) $407.37 -1.64%
3M Co. (MMM) $149.74 -1.61%
Salesforce.Com Inc. (CRM) $325.83 -1.51%
Microsoft Corp. (MSFT) $409.75 -1.33%
S&P 500 - Risers
Expedia Group Inc. (EXPE) $202.37 17.50%
Take-Two Interactive Software Inc. (TTWO) $208.77 13.87%
TripAdvisor Inc. (TRIP) $18.29 4.66%
Lincoln National Corp. (LNC) $37.02 3.55%
Principal Financial Group Inc (PFG) $82.33 3.38%
Fortinet Inc. (FTNT) $107.66 3.33%
Nvidia Corp. (NVDA) $129.84 3.32%
Globe Life Inc. (GL) $123.56 2.92%
Freeport-McMoRan Inc (FCX) $38.26 2.88%
Arista Networks Inc. (ANET) $118.47 2.78%
S&P 500 - Fallers
Illumina Inc. (ILMN) $111.06 -11.08%
Nektar Therapeutics (NKTR) $0.68 -9.97%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $374.79 -9.09%
Dxc Technology Company (DXC) $20.85 -6.62%
Advance Auto Parts (AAP) $45.96 -5.99%
Hanesbrands Inc. (HBI) $7.53 -5.51%
Air Products & Chemicals Inc. (APD) $310.46 -5.39%
Western Union Co. (WU) $10.60 -5.35%
Kohls Corp. (KSS) $12.08 -5.33%
D. R. Horton Inc. (DHI) $129.02 -5.27%
Nasdaq 100 - Risers
Expedia Group Inc. (EXPE) $202.37 17.50%
Take-Two Interactive Software Inc. (TTWO) $208.77 13.87%
Nvidia Corp. (NVDA) $129.84 3.32%
Booking Holdings Inc. (BKNG) $4,887.47 2.73%
Marriott International - Class A (MAR) $303.97 2.52%
Skyworks Solutions Inc. (SWKS) $65.69 2.14%
Vodafone Group Plc ADS (VOD) $8.57 1.66%
Comcast Corp. (CMCSA) $34.37 1.60%
Meta Platforms Inc. (META) $714.52 1.35%
Kraft Heinz Co. (KHC) $29.30 1.28%
Nasdaq 100 - Fallers
Illumina Inc. (ILMN) $111.06 -11.08%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $374.79 -9.09%
Amgen Inc. (AMGN) $293.54 -4.57%
Hologic Inc. (HOLX) $64.58 -4.16%
Ross Stores Inc. (ROST) $142.59 -4.10%
Align Technology Inc. (ALGN) $210.55 -4.06%
Micron Technology Inc. (MU) $92.30 -3.87%
J.B. Hunt Transport Services Inc. (JBHT) $166.15 -3.74%
Amazon.Com Inc. (AMZN) $229.15 -3.61%
Vertex Pharmaceuticals Inc. (VRTX) $469.32 -3.60%
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