Major stock markets in New York City continued to rally on Thursday, after United States President Donald Trump unveiled a plan for imposing reciprocal tariffs on its trade partners.
However, the implementation of the new tariffs will be delayed, as Trump emphasized that his nominee for Commerce Secretary Howard Lutnick will conduct a thorough review to determine the appropriate levy levels for each affected country, with the assessment slated for completion by April 1.
The Dow Jones Industrial jumped 350 points or 0.79% at 2:30 pm ET. The Nasdaq 100 soared 1.04% and the S&P 500 climbed 0.81%.
The euro gained 0.47% against the dollar, selling for 1.04398.
