The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.62%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.99%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.94%. March E-mini S&P futures (ESH26) rose +0.62%, and March E-mini Nasdaq futures (NQH26) rose +0.95%.
Stock indexes rallied on Tuesday, with the S&P 500 and Dow Jones Industrial Average posting record highs, and the Nasdaq 100 reaching a 1-week high. Strength in chipmakers and data storage companies led the broader market higher on Tuesday. Also, mining stocks rallied as copper prices soared to a new all-time high on Tuesday, amid expectations that the Trump administration may introduce a tariff on refined copper, which has drawn huge volumes of inventory into the US, potentially leaving the rest of the world short of supplies. US copper imports in December jumped to the highest since July.
