Stocks rose Monday as market participants looked past President Donald Trump's latest tariff threats and poured into growth names. The Dow Jones Industrial Average climbed over 160 points, while the S&P 500 Index and Nasdaq Composite advanced nearly 0.7% and 1%, respectively.

Here's how the market settled on Monday:

S&P 500 Index (SPY  ): +0.67% or +40.45 points to 6,066.44

Dow Jones Industrial Average (DIA  ): +0.38% or +167.01 points to 44,470.41

Nasdaq Composite Index (QQQ  ): +0.98% or +190.87 points to 19,714.27

Over the weekend, Trump told reporters that he plans to announced a blanket 25% tariff on all steel and aluminum imports on Monday. He did not specify the timing of the proposed tariffs and said he would issue retaliatory duties on countries that tax U.S imports. Steel and aluminum stocks like U.S. Steel (X  ), Cleveland-Cliffs (CLF  ) and Alcoa (AA  ) all rose higher on the news.

On the Economic Front:

Consumer Inflation Expectations held steady in January, according to a New York Federal Reserve survey released Monday, offering another look at the confidence of the American consumer.

The survey showed respondents expect inflation to run at 3% one year from now, unchanged from December's outlook. The three-year outlook also came in at 3%, while the five-year outlook also rose to match 3% with a 0.3 percentage point gain. Beneath the benchmark outlooks, the survey shows 0.6 percentage points inflation gains for one-year food and energy prices from December to 2.6% and 4.6%, respectively.

In Earnings News:

McDonald's (MCD  ) reported disappointing fourth-quarter revenue as its sales were impacted by an E. coli outbreak at the start of the quarter. The fast-food chain's U.S. same-store sales fell by a more-than-expected 1.4% during the quarter, as the U.S. Centers for Disease Control and Prevention linked a fatal E. coli outbreak to the company's Quarter Pounder burgers.

"I think right now what we're seeing is that the E. coli impact is now just localized to the areas that had the biggest impact," CEO Chris Kempczinski told analysts during the company's earnings call.

Looking ahead, McDonald's expects its first-quarter to be the low point for its same-store sales in 2025, as winter storms and wildfires in California impacted restaurant traffic in January, CFO Ian Borden said during the company's earnings call.

The company also plans to open about 2,200 new restaurants in 2025, with a three-quarters of that expansion being realized in its international developmental licensed markets. McDonald's plans to spend between $3 billion and $3.2 billion in capital expenditures to aid these investments.

For Tuesday:

Market participants will turn their attention towards earnings reports from companies including Coca-Cola (KO  ) and Shopify (SHOP  ) on Tuesday, alongside testimony from Federal Reserve Chair Jerome Powell before Congress.