TheDrop Market Analysis, 02/10/25
- Alexangel Ventura
- Feb 10
- 1 min read
Markets surged Monday ahead of key economic prospective policies at the verge of implementation.
The Dow rose 0.4%, the S&P 500 rose 0.6%, and the Nasdaq surged by almost 1%. Investors demonstrated a great level of optimism as the more offensive period of tariff policy wanes, while a new period of "reciprocal" tariffs emerge, which are expected to contribute to the lowering of the U.S. trade deficit with our greatest trading partners and strategic allies.
The value of gold went up 0.7%, continuing its winning streak, and the value of the USD rode the wave of tariff enthusiasm.
Nvidia led the way with the gains of the Nasdaq, surging by nearly 3% as it has a phenomenal recovery. Google, Amazon, and Apple also rose, with Amazon surpassing the rest.
U.S. steel and aluminum manufacturers/producers also surged today following President Trump's enactment of a 25% duty on all foreign steel and aluminum originating in countries which have previously levied tariffs on the United States.
However, further tariffs are expected to come, like in Japan and Europe to improve the U.S. trade deficit, leading stock futures downward in Monday's after hours.
