Wall Street ends higher after Trump unveils tariff plan
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The S&P 500 ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla, after U.S. President Donald Trump unveiled a roadmap for charging reciprocal tariffs on U.S. trading partners. A White House official said the tariffs would match the higher duties charged by other countries and could be imposed within weeks as Trump's trade and economic team studies bilateral tariff and trade relationships. Stocks also gained after data showed U.S. producer prices increased in January, while key elements in the core Personal Consumption Expenditures (PCE) index, a measure closely tracked by the U.S. Federal Reserve, were benign or lower. Components, including physician's office and hospital prices, were either broadly unchanged or rose modestly. Healthcare, with a nearly 20% weighting in the core PCE, declined 0.06%. Yields on the 10-year U.S. Treasury bond moved sharply lower following the report, suggesting investors were gr...