On November 26, 2024, MSCI’s global equity index experienced a slight decline, while the U.S. dollar strengthened following President-elect Donald Trump's announcement of potential tariffs on all imports from Canada and Mexico, as well as additional tariffs on China. Despite these tariff discussions, U.S. stocks remained resilient, with the S&P 500 rising by 0.57% and the Nasdaq climbing by 0.63%. Wall Street's major indices, including the S&P 500 and the Dow Jones Industrial Average, reached new highs, with the S&P 500 and Dow gaining 0.6% and 0.3%, respectively. Investors appeared unfazed by Trump's trade threats, focusing instead on the rebound of technology stocks and awaiting the minutes from the Federal Reserve's latest meeting. The strengthening dollar was reflected in the decline of the Canadian dollar and Mexican peso against the U.S. dollar, indicating a degree of market confidence despite the potential for trade tensions to impact the global economy.