The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.17%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.18%. June E-mini S&P futures (ESM25) are down -0.21%, and June E-mini Nasdaq futures (NQM25) are up +0.15%.
Stock indexes on Tuesday whipsawed between gains and losses in volatile trade and finally settled mixed. Bank stocks rose Tuesday to boost the broader market, led by a +3% jump in Bank of America after reporting better-than-expected Q1 net interest income. Stocks also found support in hopes that President Trump will adopt a softer stance toward his tariff policies. On Monday, President Trump said he is exploring possible temporary exemptions to tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.
