Stock market today: Wall Street mixed in early trading as anxiety on Trump tariffs fade
Wall Street is mixed in light trading early as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada
Wall Street was mixed in light trading early Tuesday as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada. Trump's imposed tariffs on China remained in place.
Futures for the S&P 500 inched up 0.1% before the bell, while futures for the Dow Jones Industrial Average were off by 0.1%. The technology-heavy Nasdaq rose 0.3%.
Trump delayed new tariffs on Mexico and Canada after America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking.
Trump could easily renew his vow to impose tariffs on the nation's North American neighbors and already plans to announce taxes on imports from the European Union. While it appears a global economic crisis has been averted this week, markets remain on edge.
Helping to lift the Nasdaq was Palantir Technologies, which soared 22% after it beat Wall Street's fourth-quarter sales and profit targets. The Denver company also issued strong guidance for the coming year, well ahead of analysts' projections. In a letter to shareholders, CEO Alexander Karp said Palantir's revenue from government contracts grew 45% year-over-year in the fourth quarter and called the company he co-founded a “software juggernaut.”
PepsiCo fell more than 2% after it said North American demand for its snacks and drinks remained weak, leading to a second straight quarterly decline in sales. The company has raised prices repeatedly and did so again the most recent quarter, sending some customers in search of cheaper
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