US stocks rose on Donald Trump’s first day as president, driven by optimism about potential shifts in energy policy. Apple lagged behind, while Tesla tumbled despite a bullish call from analysts.
The Dow Jones Industrial Average climbed over 400 points, or 1%, as investors looked to build on last week’s gains. 3M jumped 5% and Coca-Cola rose 2%. Meanwhile, Embraer and MPLX surged as they entered buy zones above their respective cup-base entry prices.
China stocks were mixed, with Alibaba and JD.com trading modestly lower, but BYD electric vehicles and Nvidia surged. Trump’s decision not to impose tariffs on Canada and Mexico initially sparked market jitters, but investors expect him to seek a deal with China.
Cathie Wood’s ARK Invest increased its stake in Tempus AI, a healthcare technology firm, after the stock plummeted 56% on Friday. The move came as investors sought bold plays in a rapidly changing landscape.
Despite energy sector concerns, markets remain optimistic about Trump’s presidency, driven by hopes for policy changes that could boost economic growth and trade relationships with China.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-nasdaq-sp500-donald-trump-apple-aapl-stock