US close: Stocks higher as traders shrug off tariff concerns
By Iain Gilbert
Date: Monday 10 Feb 2025
(Sharecast News) - Major indices closed higher on Monday as market participants shrugged off tariff threats from the Trump White House.
At the close, the Dow Jones Industrial Average was up 0.38% at 44,470.41, while the S&P 500 advanced 0.67% to 6,066.44 and the Nasdaq Composite saw out the session 0.98% firmer at 19,714.27.
The Dow closed 167.01 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
McDonald's Corp. (MCD) $308.34 4.80%
Nike Inc. (NKE) $70.94 3.29%
Intel Corp. (INTC) $19.77 2.94%
Chevron Corp. (CVX) $155.77 2.06%
Walmart Inc. (WMT) $102.92 1.75%
Home Depot Inc. (HD) $413.99 1.63%
Unitedhealth Group Inc. (UNH) $533.24 1.20%
Coca-Cola Co. (KO) $64.55 1.11%
Visa Inc. (V) $351.23 0.92%
Johnson & Johnson (JNJ) $154.24 0.73%
Dow Jones - Fallers
Apple Inc. (AAPL) $227.65 -2.56%
American Express Co. (AXP) $310.26 -2.06%
JP Morgan Chase & Co. (JPM) $271.04 -1.73%
Walt Disney Co. (DIS) $109.28 -1.43%
Microsoft Corp. (MSFT) $412.22 -1.32%
International Business Machines Corporation (CDI) (IBM) $249.27 -1.22%
Travelers Company Inc. (TRV) $242.42 -1.13%
Merck & Co. Inc. (MRK) $86.40 -1.01%
Goldman Sachs Group Inc. (GS) $650.53 -0.82%
Amgen Inc. (AMGN) $294.79 -0.76%
S&P 500 - Risers
Rockwell Automation Inc. (ROK) $302.13 12.65%
Apache Corp. (APA) $22.99 6.09%
Western Digital Corp. (WDC) $69.04 5.70%
Estee Lauder Co. Inc. (EL) $68.71 5.66%
Nucor Corp. (NUE) $137.53 5.58%
Foot Locker Inc. (FL) $19.05 5.43%
McDonald's Corp. (MCD) $308.34 4.80%
Take-Two Interactive Software Inc. (TTWO) $212.41 4.58%
Principal Financial Group Inc (PFG) $84.38 4.06%
Coterra Energy Inc. (CTRA) $28.47 3.98%
S&P 500 - Fallers
Incyte Corp. (INCY) $68.30 -10.03%
Illumina Inc. (ILMN) $104.99 -5.51%
Regeneron Pharmaceuticals Inc. (REGN) $690.36 -4.99%
Ipg Photonics Corp. (IPGP) $67.40 -4.26%
Align Technology Inc. (ALGN) $212.03 -4.15%
Harley-Davidson Inc. (HOG) $25.81 -3.91%
Mettler Toledo International (MTD) $1,337.68 -3.56%
Revvity, Inc. (RVTY) $114.70 -3.38%
Thermo Fisher Scientific Inc. (TMO) $552.86 -3.26%
United Airlines Holdings Inc (UAL) $106.08 -3.20%
Nasdaq 100 - Risers
Western Digital Corp. (WDC) $69.04 5.70%
Take-Two Interactive Software Inc. (TTWO) $212.41 4.58%
Expedia Group Inc. (EXPE) $203.00 3.89%
Baidu Inc. (BIDU) $93.85 3.44%
JD.com, Inc. (JD) $42.17 3.28%
T-Mobile Us, Inc. (TMUS) $255.83 3.26%
Monster Beverage Corp (MNST) $47.81 3.22%
Intel Corp. (INTC) $19.77 2.94%
Nvidia Corp. (NVDA) $133.57 2.80%
Adobe Systems Inc. (ADBE) $451.10 2.76%
Nasdaq 100 - Fallers
Incyte Corp. (INCY) $68.30 -10.03%
Tesla Inc (TSLA) $350.73 -6.49%
Illumina Inc. (ILMN) $104.99 -5.51%
Regeneron Pharmaceuticals Inc. (REGN) $690.36 -4.99%
Align Technology Inc. (ALGN) $212.03 -4.15%
Workday, Inc. (WDAY) $269.88 -3.57%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $376.34 -3.19%
American Airlines Group (AAL) $16.62 -3.01%
Gilead Sciences Inc. (GILD) $95.48 -2.80%
DENTSPLY Sirona Inc. (XRAY) $18.46 -2.77%
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