FX.co ★ Dow, S&P Gain as Investors Brush Off Tariff Fears

On Thursday, U.S. stocks experienced an upswing as investors overlooked President Trump's intensifying tariff threats, choosing to focus instead on positive earnings and favorable economic indicators. The S&P 500 increased by 0.4%, and the Nasdaq 100 rose by 0.1%, with both indexes on track for a record closing. Meanwhile, the Dow Jones Industrial Average climbed by 270 points. Market sentiment remained strong despite Trump's announcement of a 50% tariff on copper imports and additional retaliatory tariffs on Brazil, citing unfair trade practices and political tensions. Airline stocks performed exceptionally well, with Delta leading the charge as its shares surged 12% following the reinstatement of its 2025 profit outlook. Other airlines, such as United and American Airlines, also saw gains. Tesla's stock rose by 2.5% amid news of an expansion in its robotaxi services and the imminent implementation of xAI's Grok chatbot in its vehicles. Furthermore, Nvidia's stock increased by 0.7% after the company achieved a $4 trillion valuation. Investors also analyzed the latest Federal Reserve minutes, which indicated that most officials are inclined towards cutting rates later this year. Additionally, jobless claims were reported to be lower than expected, contributing to the overall sense of optimism in the markets.