American stock markets are rising after the opening, the Dow rose 0.3 percent, while the S&P 500 rose 0.9 percent and the Nasdaq gained 1.3 percent. Chip stocks led gains after Foxconn reported record fourth-quarter revenue. Nvidia and Broadcom rose 3 percent, while Micron Technology rose 5 percent.
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In the meantime, Donald Trump posted the following: “Today’s Washington Post article that I am backtracking on my promises to raise tariffs is incorrect.” The markets soon returned the previous rise, the rise of the DAX moderated to 0.6 percent, while the increase of the CAC slowed to 0.9 percent. The market reaction to the Washington Post’s report and Donald Trump’s response is clearly visible in the graph below.
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Source: www.portfolio.hu
