MSNBC host Nicolle Wallace noted during the first hour of her show Monday afternoon that ultra-wealthy tech titans appeared to take precedence during President Donald Trump's inauguration, as they sat in front of possible Cabinet officials.
On Tuesday night, President Donald Trump issued a pardon to Ross Ulbricht, who ran the dark web marketplace Silk Road under the pseudonym “Dread Pirate Roberts.” Ulbricht has been serving a life sentence without parole since 2015, when he was convicted of multiple charges, including the distribution of narcotics.
Tesla stock falls as President Donald Trump plans to roll back federal electric-vehicle production targets, Apple stock receives a rare downgrade, and 3M and Charles Schwab report better-than-expected quarterly earnings.
Trump has vowed to "immediately begin the overhaul of our trade system" with tariffs on goods from Canada and Mexico.
U.S. industrial conglomerate 3M Co on Tuesday forecast 2025 adjusted profit largely in line with Wall Street estimates, as the company cut costs amid weak consumer spending on non-essential items.
3M stock zoomed 5.5% higher above $148.50, while the DJIA gained 1%. The NASDAQ advanced 0.3%, and the S&P 500 added 0.6%. CEO William Brown said that he was going to tilt 3M, the maker of common brand names like Scotch tape and Post-It Notes, toward new products. As such, the company expects organic growth between 2% and 3% in 2025.
The president launched new efforts to wipe out DEI and affirmative action programs from the federal government.
The Dow Jones Industrial Average rose some 450 points on Tuesday. The Dow Jones Industrial Average jumped more than 450 points on Tuesday, or about 1%, on the first day of the second Trump Administration.
The big market story today is the return of Donald Trump. After being sworn in yesterday, Trump signed a flurry of executive orders whose impacts are rippling through the market. In addition, market participants are watching what Trump says about tariffs closely.
In case this attempt is successful, SP500 will head towards the resistance at 6090 – 6100. It should be noted that RSI is in the overbought territory, so the risks of a pullback are increasing. NASDAQ continues its attempts to settle above the resistance at 21,
President Donald Trump's second inaugural address features similar themes to his first: a sweeping indictment of the country he inherits and grand promises to fix its problems.
Stocks are approaching records in the first couple of days of Trump's presidency, with more pronounced moves in specific corners of the market this week.