[New York Stock Market] Strong Performance with Trump's Tariff Adjustment... NVIDIA Regains Top Market Cap

On the 5th (local time), before ringing the 'Opening Bell' to commemorate the listing at the New York Stock Exchange, SEC Commissioner Gary Gensler is broadcasting./New York=Kim Beom-jun Reporter

On the first trading day after Donald Trump was inaugurated as the U.S. President, the major indices of the New York Stock Market closed with a rise. As President Trump showed a moderated approach to imposing tariffs, the value of the dollar weakened, stimulating investor sentiment.

On the 21st (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 44,025.81, up 537.98 points (1.24%) from the previous trading day, the Standard & Poor's (S&P) 500 Index rose 52.58 points (0.88%) to 6,049.24, and the tech-heavy Nasdaq Composite increased by 126.58 points (0.64%) to 19,756.78.

Although President Trump signed over 40 executive orders, saying "I will be a dictator for just the first day," the financial markets were relieved as his actions were more moderate compared to his pre-inauguration rhetoric. This was especially true for tariff policies. After winning the presidential election last November, President Trump announced additional tariffs of 25% on Mexico and Canada and 10% on China, but the imposition was postponed to the 1st of the next month instead of being implemented on the inauguration day. He also instructed federal departments to report the results of trade policy reviews by April 1 through a memorandum on 'America First Trade Policy.'

With the possibility of weaker-than-expected tariff imposition, the value of the dollar showed weakness. The Dollar Index closed at 107.95 on this day. It had recorded 109.35 on the 20th, the previous trading day, but plummeted by more than 1 point in just one day. As a result, the U.S. Treasury 10-year yield also closed at 4.579%, down 0.032 percentage points from the previous day.

NVIDIA, the leading stock in artificial intelligence (AI), rose by 2.27% on this day, recording a market capitalization of $3.449 trillion, surpassing Apple to regain the top market cap position. Apple fell by 3.19% due to securities firms downgrading their investment opinions citing a slowdown in iPhone demand.

After President Trump mentioned Mars colonization in his inaugural address, the stock prices of aerospace companies like Intuitive Machines (24%) and Rocket Lab (30%) soared.

The listed fund 'Destiny Tech100,' which invests in the unlisted space company SpaceX led by Elon Musk, rose by 8.4% on this day.

On the ICE Futures Exchange, the March delivery Brent Crude futures closed at $79.29 per barrel, down 86 cents (-1.1%) from the previous session.

On the New York Mercantile Exchange, the March delivery West Texas Intermediate (WTI) futures closed at $75.83, down 2% from the previous trading day.

Amid ongoing concerns about oil demand, the prospect of increased oil supply due to President Trump's easing of environmental regulations dragged down oil prices.

Han Kyung-woo, Hankyung.com Reporter case@hankyung.com