The U.S. stock market opened mixed on the 16th (local time) within a stable range of around 0.1%.
Ten minutes after the opening, at 9:40 a.m. (Eastern Standard Time), the Dow Jones Industrial Average dropped 32.37 points (-0.1%) to 42,279.38. The Standard & Poor's 500 rose 2.8 points (+0.05%) to 5,919.73 points, and the Nasdaq Composite Index, centered on tech stocks, opened 24.34 points (+0.13%) higher at 19,136.66.
Reuters analyzed that the tariff cease-fire agreement between the United States and China, along with signs of easing inflation, supported investor sentiment.
President Donald Trump’s comments regarding tariffs also had an impact. Trump noted that it is practically impossible to conclude negotiations with all trading partners by early July and hinted at a plan to unilaterally notify the tariff imposition policy. He mentioned that he would send a letter to each country in the name of the Secretary of the Treasury and the Secretary of Commerce within 2 to 3 weeks, outlining the expenses required to do business in the United States.
The market is focused on the preliminary announcement of the consumer sentiment index for May. Due to heightened consumer anxiety stemming from tariffs, the sentiment index for April shrank to 52.2. The median forecast of the Dow Jones is 53.5, indicating that sentiment has cooled down but is not expected to further contract.