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VOL. 48 | NO. 47 | Friday, November 22, 2024
Wall Street rises to records despite tariff talk
NEW YORK (AP) — U.S. stocks closed at more records after Donald Trump's latest talk about tariffs created only some ripples on Wall Street.
The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way.
Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office.
U.S. automakers and other companies that could be hurt particularly by such tariffs fell.