US Stock Markets Mostly Rise Despite Tariff Concerns

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US Stock Markets Mostly Rise Despite Tariff Concerns
Photo: Richard Drew/AP/TT

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The trade was volatile on the stock exchanges in New York on Monday ahead of the announcement later in the week about the punitive tariffs that the President of the USA, Donald Trump, has announced. The development for the leading indexes was mixed but mainly positive.

The broad S&P 500 index rose 0.6 percent and the Dow Jones industrial index lifted 1.0 percent, while the Nasdaq's technology-heavy composite index fell 0.1 percent.

The S&P 500 has, however, fallen 4.5 percent during the first three months of the year. Thus, the just-ended quarter became the worst for the index in two and a half years.

Among individual shares, the electric car manufacturer Tesla was notable, which fell sharply at the opening of the exchange. The share recovered somewhat and closed at minus 1.7 percent. Tesla's value has plummeted 32 percent since the turn of the year.

The index-heavy chip giant Nvidia was also among the losers with a decline of 1.2 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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