American stocks climbed into early trade on Friday, moving a shutdown ahead amidst the signals of the federal government and correct some damage caused during the growing trade war.
Dow Jones Industrial Average jumped 230 points or 0.6%, while S.& P500 increased by 0.9%. Tech-Havi Nasdac climbed 1.3%.
The Senate Democratic Leader Chak Shumar announced on Thursday night that he was planning to vote for the government to keep open, indicating that he would have almost certainly a sufficient Democratic vote, which is planning to vote for a house GOP funding bill before the shutdown deadline at the end of Friday.
Benefits offered relief for investors avoiding the decline in the market set by President Donald Trump’s tariff last week.
On Thursday, SThe P500 was closed over 10% since a peak received last month, which means the decline is officially qualified as market improvement. It marked the first improvement of the index from October 2023.
Gold futures also hit a new record on Friday morning, which trading at $ 3,016.30, breaking the $ 3,000 mark for the first time.
Gold for the time of political and economic tumors is a traditional safe shelter investment. Prices have been promoted in recent years as central banks have invested as a hedge in commodity.
President Donald Trump meets Irish TaCich Mitchell Martin at the Oval Office at the White House on March 12, 2025.
Evelyn Hawkstein/Reuters
Trump remained firm on his tariff policy, despite the loss on Wall Street on Thursday.
“I am not going to bend at all,” Trump told reporters at the White House on Thursday. Asked if he would reconsider a new round of tariffs prescribed to be implemented on 2 April, Trump offered a one-word reply: “No.”
Dow Jones Industrial Average and S& P 500 closed more than 1% on every Thursday. Tech-Havi Nasdaq declined by about 2%.
This is a developing story. Please check back for updates.
ABC News’ John Parkinson, Lauren Paler, Elisen Pecorin, Rachel Scott and So Young contributed to the report.
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