Expectations for tariff relief in the United States continued as the New York stock market closed higher.
On the 25th (local time), the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) closed up 4.18 points (0.01%) at 42,587.50. The Standard & Poor's 500 index rose by 9.08 points (0.16%) to 5,776.65, and the tech-heavy Nasdaq index finished at 18,271.86, up 83.26 points (0.46%).
Investors were highly attentive to U.S. President Donald Trump's tariff actions and the growing possibility of a slowdown in the U.S. economy.
Earlier, on the 24th, President Trump said, "I may consider tariff exemptions for many countries," but tariffs on specific institutional sectors such as pharmaceuticals and the automotive industry would be imposed in the near future.
The consumer confidence index in the United States for March, released early in the session, did not significantly impact the stock market. According to the Conference Board (CB), the March consumer confidence index recorded 92.9, below the market expectation of 94.0.
The tech giant group "Magnificent 7" rose for all except Nvidia. Apple, Amazon, Meta, and Alphabet showed gains in the range of 1%. Tesla, which surged 11.93% the previous day, rose another 3.50% on the day.