US stocks rose on Tuesday, with the S&P 500 and Nasdaq up 0.5% and the Dow Jones Industrial Average up about 170 points as traders braced for a second Trump administration. On his first day in office, Trump took several steps to advance his agenda but refrained from imposing tariffs, as many had anticipated. However, he later indicated plans to impose 25% levies on Mexico and Canada while avoiding mentioning China. Traders are now turning their attention to growth prospects under the new administration and earnings reports from major companies. Charles Schwab (5%) and Prologis (1.6%) beat earnings and revenue, and 3M (6.4%) beat estimates and guidance came in close to expectations. Netflix is also set to report later in the day.
Source: Trading Economics
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