Wall Street Rises, Trump Tariffs & Shutdown Loom
Wall Street started the week with slight gains on Monday (January 26), but the market mood hasn't completely relaxed. Traders are monitoring Washington political headlines as they prepare for a "crawling" week: major corporate earnings season and the Federal Reserve's latest interest rate decision.
Index update (US session close):
Dow Jones: 49,412.40 (+313.69 or +0.64%)
S&P 500 (US 500): 6,949.20 (+33.6 or +0.49%)
Nasdaq Composite: 23,501.24 (+65.22 or +0.28%)
This risk-on sentiment is also supported by "Big Tech," which is starting to move higher ahead of earnings releases. Apple rose to $255.23 (+2.90%), Metatrader to $672.05 (+2.02%), and Microsoft to $471.34 (+1.16%).
On the headline side, the market also digested US President Donald Trump's threat of 100% tariffs on Canada if Ottawa proceeds with a trade deal with China—while the parties concerned reaffirmed their respective positions.
Washington further put the brakes on investors due to the potential shutdown ahead of the January 30 funding deadline, after public outrage over a fatal shooting in Minnesota escalated into a debate over security funding and authority.
Precious metals are clearly showing signs of safety. Spot gold (XAU/USD) remains in high territory after briefly breaking a record above $5,100/oz. XAU/USD update: around 5,056.62 (+73.71 | +1.48%) with a daily range of 4,982.91 – 5,111.11.
Source: Newsmaker.id
