Yahoo Finance Stocks- Wall Street Mixed After Trump Approves Solar Tariff
Investing.com – Wall Street was mixed on Tuesday as investors worried about the implication of U.S. President Donald Trump’s import tariffs.
The S&P 500 rose two and a half points or 0.10% to 2,835.79 as of 10:17 AM ET (15:17 GMT) while the Dow composite decreased six points or 0.03% to 26,207.78, and tech heavy NASDAQ Composite was up 33 points or 0.45% to 7,441.14.
On Monday Trump approved a 30% tariff on the import of solar panels and washing machines. The tax is likely to impact European and Asian firms the most, as the U.S. is the world’s fourth-largest solar capacity.
Netflix (NASDAQ:NFLX) was among the biggest winners after the morning bell, increasing 10.35% after it beat earnings and new net subscriber forecasts. Computer software firm Adobe Systems Incorporated (NASDAQ:ADBE) rose 1.98% while Facebook (NASDAQ:FB) was up 1.02% and General Electric (NYSE:GE) jumped 2.20%.
Elsewhere GoPro Inc (NASDAQ:GPRO) slide 3.33% after the firm was downgraded by Morgan Stanley (NYSE:MS) while Twitter Inc (NYSE:TWTR) slumped 2.85% after its Chief Operating Officer Anthony Noto resigned. Manufacturer Procter & Gamble Company (NYSE:PG) fell 2.31% after reporting a 68% decrease in profit from the year prior.
In Europe stocks were mostly up. In Germany the DAX rose 89 points or 0.66% while France’s CAC 40 increased nine points or 0.17% and in London the FTSE 100 gained 16 points or 0.21%. Meanwhile Spain’s IBEX 35 was up 17 points or 0.16% and the pan-European Euro Stoxx 50 jumped just over six points or 0.18%.
In commodities, gold futures were up 0.14% to $1,333.70 a troy ounce while crude oil futures surged 1.12% to $64.28 a barrel. The U.S dollar index, which measures the greenback against a basket of six major currencies, slumped 0.13% to 90.03.
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