U.S. Markets Volatile as Dow Closes Up 0.9% on Trump Tariffs, Infineon-Marvell Deal
U.S. stock markets experienced a volatile day on Tuesday, with the tech-heavy Nasdaq-100 and the S&P-500 briefly dipping into negative territory, while the Dow Jones Industrial Average closed up 0.9 percent. The markets were driven by uncertainty surrounding U.S. government trade policies and a significant acquisition in the semiconductor industry.
German chipmaker Infineon Technologies plans to acquire Marvell Technologies' Automotive Ethernet business in a deal valued at approximately 2.5 billion US dollars. The acquisition, expected to be finalized in summer 2025 and officially closed by August 8, 2025, has boosted Marvell Technology shares, which rose by 2.4 percent.
U.S. President Donald Trump's threat to impose an additional 50 percent tariff on China if Beijing does not withdraw its announced tariffs of 34 percent has kept market uncertainty high. Despite this, the Dow Jones Industrial Average managed to close up 0.9 percent at 38,303 points, giving up most of its early morning gains of nearly 4 percent. Boeing shares contributed to this recovery, rising 5.4 percent after delivering 130 aircraft to customers in the first quarter, 83 more than in the same period last year.
While the Dow Jones Industrial Average ended the day positively, the Nasdaq-100 and S&P-500 briefly fell into negative territory before closing up 0.6 percent and 0.5 percent, respectively. The markets remain sensitive to geopolitical tensions and significant corporate developments, such as the Infineon-Marvell acquisition.
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