Rally noted the American markers on Wall Street today Tuesday (27.5.2025), after US President Donald Trump said during the weekend (24-25.5.2025) that he agreed to delay the enforcement dictatorial 50% in the European Union.
The Dow Jones industrial index won 740.58 points or 1.8% and closed at 42,343.65 points, while the S&P 500 increased 2.1% to 5,921.54 points. Both broke four days of losses. Nasdaq Composite scored 2.5% on 19.199.16, as technology names, such as Tesla, made excessive profits.
Trump said on Sunday (25.5.2025) that he would postpone the deadline for imposing a 50% duty on the EU on July 9 at the request of Ursula von der Laien, the President of the European Commission. This comes after Trump proposed a 50% Import Tax last week to the EU from June 1st.
National Economic Council Director Kevin Hasset told CNBC’s Squawk Box that he is expecting to “see a few more agreements this week”. Consumer confidence data announced today were stronger than expected in May due to hope for trade agreements.
Tesla’s shares rose about 7% after Managing Director Elon Musk said he shifted his attention from politics and returns to his companies.
Other technology -related names also rise, including Nvidia, AMD, Apple and Microsoft. In addition to technology, US Steel shares went on to make more than 2% after sources knowing told CNBC that the Japanese Nippon Steel is expected to close its acquisition for $ 55 per share.