Major U.S. equities indexes advanced as the markets kicked off a shortened trading week following the Martin Luther King Jr. holiday and President Donald Trump’s inauguration.
Despite an array of executive orders signed in the opening moments of his new presidency, Trump notably did not enact tariffs he previously indicated he would impose on day one, suggesting the possibility of a less aggressive stance on trade than expected.
The S&P 500 added 0.9% on Tuesday. The Nasdaq climbed 0.6%, while outperformance in the industrials sector helped lift the Dow 1.2%.
Shares of nuclear power generators moved higher on the first day of trading in the second Trump administration. Chris Wright, selected by Trump to head the Department of Energy, has stressed that the U.S. will prioritize nuclear power production as it aims to increase energy output. Vistra (VST) shares surged 8.5% Tuesday, posting the S&P 500’s top performance, after authorities lifted evacuation orders related to a …