The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.88%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.24%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.58%. March E-mini S&P futures (ESH25) are up +0.92%, and March E-mini Nasdaq futures (NQH25) are up +0.78%.
Stocks rallied Tuesday, with the S&P 500 posting a 1-month high, the Dow Jones Industrials posting a 5-week high, and the Nasdaq 100 posting a 2-week high. Stocks rose Tuesday as jitters over Trump tariff threats temporarily subsided after President Trump stopped short of imposing new tariffs on China and Europe during his first day in office. However, Trump ordered his administration to address unfair trade practices globally and outlined plans to impose tariffs of 25% on Canadian and Mexican goods on February 1.
