The Dow Jones Industrial Average rose on Thursday as traders overlooked tariff tensions, with the S&P 500 and NASDAQ also hitting fresh records.
The Dow closed at 44,650.64 with a gain of 192.34 points, while the S&P 500 reached 6,280.46 and set an all-time intraday high. The NASDAQ Composite climbed to 20,630.67.
Estée Lauder's shares surged 6.3% after Bank of America reinstated coverage with a buy rating, while Tesla's stock rose 4.7% as Wells Fargo predicted improved deliveries despite challenges.
President Trump announced tariffs on imported copper and Brazil, citing unfair trade practices. The 10-year treasury yields rose slightly, while oil prices fell and gold prices rose.