Wall Street Opens Higher Amid Trump's Trade Policy Focus

Wall Street's main indexes opened higher as investors reacted positively to President Donald Trump's executive orders and strong quarterly results from companies like Netflix, which saw a 14.6% increase in premarket trading. Trump's support for AI infrastructure, including a $500 billion investment from Oracle, further buoyed market sentiment. While the S&P 500 and Dow Jones saw gains, the market remains cautious about Trump's proposed tariffs on Canada and Mexico, which could be implemented as early as February 1. Investors are assessing the potential impact of these tariffs on global trade and inflation, with Goldman Sachs adjusting its forecast for the extent of tariffs down to 25%. Overall, the market reflects a mix of optimism due to corporate earnings and trepidation over trade policy uncertainties. Economists suggest that the actual effects of these policies may not be felt until later in the year.