The S&P 500 Index ($SPX) (SPY) today is up +1.58%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.96%. June E-mini S&P futures (ESM25) are up +1.62%, and June E-mini Nasdaq futures (NQM25) are up +1.95%.
Stock indexes today are sharply higher, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting 2-week highs. Stocks are rallying today on reports that upcoming US reciprocal tariffs will be more targeted than previously stated and narrower than initially planned, with some countries exempt and existing tariffs on steel and other metals possibly not being cumulative. President Trump is preparing a "Liberation Day" tariff announcement on April 2 that will include a significant expansion of reciprocal tariffs but will be more focused than the wide-ranging global tariffs that Mr. Trump has threatened, calming market fears about the impact on global trade and growth.
