Trump, Canada and Stocks
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Investor's Business Daily on MSNHow Will Dow Jones Futures Open As Trump Sets Tariffs Above Liberation Day Levels?Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump announced Saturday that he'll impose 30% tariffs on the European Union and Mexico, with overall Trump tariffs set to top April 2 Liberation Day levels.
U.S. stocks fell Friday after President Trump said he would impose a 35% on some Canadian imports, spooking the markets. The S&P 500 declined 0.33 %, and the Dow fell 0.63 %. Nvidia hit a $4.02 trillion record valuation,
The S&P 500 has outpaced the Dow Jones Industrial Average despite President Trump's rejection of exceptions to the Aug. 1 date he set to launch his latest tariffs. Meanwhile, the Nasdaq has had a day in the green.
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Investor's Business Daily on MSNDow Jones Futures: The New Trump Tariffs Deadline; Tesla Skids As Musk Forms Political PartyPresident Trump says he'll send out tariff letters to other countries starting Monday, but this is the real deadline. Elon Musk is forming a political party. Tesla rival Uber leads five stocks in buy zones.
A fresh bout of technical weakness has dragged the Dow Jones Industrial Average back below 44,400 following a strong bullish performance through the last third of June. The major equity index peaked near 44,800, failing to breach all-time highs north of the 45,000 handle.