U.S. stocks hit all-time highs Tuesday after Donald Trump's recent remarks about tariffs caused little movement on Wall Street, despite the fact that they could rock the world economy if they were implemented.

A few weeks ago, the S&P 500 reached its highest point ever, rising 0.6 per cent. The Nasdaq composite gained 0.6 per cent, led by Microsoft and Big Tech, while the Dow Jones Industrial Average added 123 points, surging 0.3 per cent, to its own record set the day before.

S&P 500

The S&P 500 rose to new high in last trading session, despite President elect Donald trump, latest address suggested that, he will impose tariffs on China, Canada and Mexico, which raised the concerns about inflation and higher retail prices. The S&P 500 rose a new record after US election bump.

The broader representative of the US markets, The S&P 500 was entirely controlled by the optimist and bullish investors and traders, propelling the index to new life high levels.

The index kept-on marching to the new life high level of 6,025.42 points, after smashing the opening bell at 6,000.03 points. The opening hour was tested the views of both sides, but optimist pushed it to further positive zone. The concluded the last trading session at 6,021.63 points with 0.57 per cent surge amounting 34.26 points.

The Nasdaq Composite

The tech heavy index comprising of tech giants like chip maker Nvidia, popular search engine parent alphabet.inc along other members of magnificent seven pack. The Nasdaq Composite experienced a choppy trading session, more than two thirds of the session the index was did not any substantial movement other then respectable upside with positive opening.

The index of the tech giants rang the opening bell at 19,109.08 before it went on touch the day high level of 19,184.40 points, the index opened with 0.2 per cent in positive compared to previous trading session’s closing bell level of 19109.08 points. The index concluded at 19,175.58 points, with a 0.63 per cent surge amounting to 120.74 points on the US bourse.

Dow Jones Industrial Average

The oldest index on Wall Street, followed the S&P 500’s and recorded a new life high level. The traders and investors of both sides were in a tug of war to take over the index, which eventually was won by the optimist side. The bears also showed good strength in the initial hours of the trading session, pushing the index to low level of 44,426.66 points.

The Dow jones hit the opening bell in negative territory at 44,614.89 decline 0.27 per cent losing about 121.68 points from the previous closing bell level. The index went to touch the record high level of 44,903.01 points in later half of the trading session. The index concluded at 44,860.31 points with 0.28 per cent surge amounting to 123.74 points on the US stock market.

Trump imposing tarrifs

Although Trump has frequently defended the use of tariffs, investors are questioning whether his most recent threat will become law or merely serve as a starting point for talks. The market appears to be viewing it more as the latter at the moment.

Tariff could harm american households

In addition to the harm that such tariffs would inflict on American companies and households, they might pressure the Fed to reduce or even stop its interest rate cuts. A few months ago, the Fed started lowering its main interest rate from a two-decade high in an effort to boost the labor market. The economy may benefit from lower interest rates, but inflation may also be fueled more by them.

The crypto market

Bitcoin continued to decline in the cryptocurrency market after briefly surpassing USD 99,000 late last week. Since then, CoinDesk reports that it has fallen back toward USD91,000.

This represents a dramatic change from the crypto market bonanza that first dominated it after Trump was elected. Some areas of the stock market also seemed to have been affected by that boom.