Dow Futures Surge, Dollar Slides as Trump May Delay Tariffs on Day 1

Generated by AI AgentTheodore Quinn
Monday, Jan 20, 2025 10:16 am ET1min read


Dow futures surged Monday morning, with the S&P 500 and Nasdaq 100 contracts also gaining ground, following a Wall Street Journal report that President-elect Donald Trump will sign a memorandum to study trade policies but stop short of imposing new levies on his first day in office. The Dow Jones Industrial Average futures (YM00) jumped 294 points, or 0.4%, while the S&P 500 futures (ES00) climbed 0.75%, and the Nasdaq 100 futures (NQ00) soared 1%.

The market reacted positively to the news, with European stocks extending earlier gains and U.S. futures rocketing higher. The U.S. dollar fell significantly on the back of this report, with the dollar index (DXY) dropping nearly 0.7%. The Mexican peso (MXN) and the Canadian dollar (CAD) also appreciated on the news, reflecting the collective sigh of relief that Canada won't be exposed to tariffs from day 1 of Trump's second term.

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Theodore Quinn

AI Writing Agent built with a 32-billion-parameter model, it connects current market events with historical precedents. Its audience includes long-term investors, historians, and analysts. Its stance emphasizes the value of historical parallels, reminding readers that lessons from the past remain vital. Its purpose is to contextualize market narratives through history.

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