The S&P 500 Index ($SPX) (SPY) Wednesday closed up +1.12%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.36%. March E-mini S&P futures (ESH25) are up +1.01%, and March E-mini Nasdaq futures (NQH25) are up +1.03%.
Stock indexes recovered mid-day losses and settled moderately higher after President Trump delayed tariffs for a month on US imports of autos and parts from Canada and Mexico that were covered by the US-Mexico-Canada trade agreement (USMCA). Also, chip stocks erased early losses and moved higher to boost the broader market. Energy stocks were a drag on the overall market on Wednesday after the price of WTI crude oil fell to a 1-3/4 year low.
