US Markets Bounce on AI Rally and Earnings as Powell Looms
On Monday, February 10, US equity markets rebounded from Friday’s sell-off as investors brushed aside tariff jitters. The Nasdaq Composite Index advanced by 0.98%, while the Dow and S&P 500 gained 0.38% and 0.67%, respectively.
On February 9, Trump announced plans to impose 25% tariffs on aluminum and steel imports. He also threatened reciprocal tariffs on certain nations. The move heightened concerns over a potential escalation in the US-China trade war.
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