Global markets shrugged off the news, however, with both Asia-Pacific and Europe stocks staging a muted response Tuesday. One reason is likely to be because of Trump's seemingly more flexible approach to the new policies.

The Dow held up slightly better than the S&P 500 and Nasdaq composite, after the latter two closed at record highs Thursday. Blue chips on the Dow pulled back 0.5% in recent action. The 30-stock index sits just below the 45,000 level after three rising weeks and was nearing its record high.

When Donald Trump reclaimed the presidency in 2024, investors braced for a return to “America First” economics, and his stock portfolio looked poised to ride the wave.

Shares of Rocket Lab Corp. ended Monday’s session up 9% amid the ongoing clash between President Donald Trump and SpaceX Chief Executive Elon Musk.

Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.

President Donald Trump said on Tuesday he will announce a 50% tariff on copper later in the day, aiming to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.