Tuesday, January 21, 2025

 US Stocks See Green as Investors Digest Trump's Policy Moves



Tuesday's market wrap saw US stocks trading in the green, albeit with a slowdown in the tech sector. Investors were busy digesting President Donald Trump's first policy moves, with potential tariffs on Mexico and Canada weighing heavily on their minds.¹


 Market Performance


The Dow Jones Industrial Average and the S&P 500 index saw gains of roughly 0.6% and 0.4%, respectively. However, the Nasdaq Composite was broadly flat, with tech giants like Tesla (TSLA) and Nvidia (NVDA) struggling to make gains.



 Bitcoin's Wild Ride 


Meanwhile, Bitcoin (BTC-USD) was on a rollercoaster ride, soaring to a record high above $109,000 before plummeting steeply early Tuesday. The leading digital currency had been hoping for a pro-crypto push from Trump's policy actions, but it failed to materialize. Despite the drop, Bitcoin was still trading above $103,000 at last check.


 Earnings Highlights


In other news, Charles Schwab (SCHW) saw its earnings soar nearly 50% as trading activity climbed by double digits. D.R. Horton (DHI) also beat expectations despite a soft housing market, while 3M Company (MMM) issued optimistic full-year guidance driven by organic sales growth.





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