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Image Credit: Baystreet

Dow Climbs Despite Trade Tension

  • Despite trade tensions, markets opened higher on Thursday, with the Dow Jones Industrials rising 147.5 points to 44,605.80.
  • President Trump announced new tariffs on Brazil, including a 50% levy on imported copper, citing unfair trade relationships.
  • Brazil plans to respond to the tariffs following its economic reciprocity law, while Trump has also imposed new import rates on other countries.
  • Additionally, treasury yields rose to 4.37%, oil prices fell to $67.17 U.S. a barrel, and gold prices increased to $3,323.90 U.S. an ounce.

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