The stock market saw significant gains on Thursday as investors took a beating to President Donald Trump’s plan for “reciprocal” tariffs. The Nasdaq composite led the way, rising 1.5% and pushing the major indexes higher.
The Dow Jones advanced 0.8%, while the S&P 500 moved up 1%. These gains came despite concerns over the potential impact of tariffs on the market. However, investors seemed to be shrugging off worries, with all three indexes coming close to new highs.
In related news, top stocks such as Palantir and Shopify are gaining attention for their potential to outperform in a post-tariff environment. Meanwhile, AI chip giant Broadcom has rebounded from its recent crash, setting eyes on buy point targets. These developments suggest that despite tariffs, investors remain optimistic about the market’s prospects.
Source: https://www.investors.com/market-trend/the-big-picture/stock-market-dow-jones-nasdaq-sp500-trump-tariffs