The Dow Jones Industrial Average made a significant comeback on Monday after US President Donald Trump announced a delay in tariffs on Canada. This news boosted stocks, with some companies experiencing sharp gains. Notably, Palantir Technologies (PLTR) skyrocketed 22% following its impressive earnings report for the December quarter.
Palantir’s full-year revenue guidance exceeded expectations, sending its stock soaring. Despite this, other tech giants like Tesla (TSLA) and Nvidia (NVDA) struggled to gain ground. The announcement of delayed tariffs also led to a rise in Dow Jones futures, indicating a positive start to the week for the market.
The delay in tariffs on Canada was seen as a positive move by investors, who had been anticipating a potential increase in costs for manufacturers. Trump’s decision also highlights his ongoing efforts to shape US trade policy and its impact on the global economy.
Meanwhile, Nvidia revealed that it has shared eight secrets of its success with investors before the announcement of delayed tariffs, further adding to the market’s optimism. However, other tech companies like Meta continued to face challenges in the wake of Trump’s latest move.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-nasdaq-sp500-donald-trump-tariffs-tesla-nvidia-stock