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Oil futures settled higher on Monday, finding support after three straight weekly declines that took crude to its lows of 2025, with traders appearing to shake off worries about President Trump’s latest threats around tariffs.
U.S. stocks ended higher on Monday, as investors continued to assess President Donald Trump’s tariff plans and awaited economic data due later this week.
The Dow Jones Industrial Average went up 167.01 points or 0.4% to end at 44,470.41, according to the preliminary closing data from FactSet.
The S&P 500 rose 40.45 points or 0.7% to finish at 6,066.44.
The Nasdaq Composite increased 190.87 points or 1% to close at 19,714.27
Earlier today, China’s counter-tariffs went live, adding 10% to 15% levies on US exports of natural gas, oil, and coal, as well as some automotive parts and farm equipment headed for China. President Trump described the tariffs that went into effect against China on February 4 as an “opening salvo,” and experts are monitoring the situation to see if the trade war between the two countries will escalate or if the fight will be called off after further negotiations. Consumer electronics, furniture, and appliances may soon get more expensive in the US due to the retaliatory tariffs, the AP reported. Fast fashion and home goods from Temu and Shein are safe for now, as the Trump administration is keeping the de minimis exemption in place.
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