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Barchart
Rich Asplund

Stocks Rebound Ahead of President Trump’s Tariff Plans

Donald Trump United States Nasdaq SP Elon Musk ECB The New York Times TikTok US Federal Reserve

The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.67%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.75%.  June E-mini S&P futures (ESM25) are up +0.69%, and June E-mini Nasdaq futures (NQM25) are up +0.77%. 

Stock indexes recovered from early losses and moved higher on Wednesday as better-than-expected US economic news sparked short covering in equities.  The US labor market showed hiring picked up last month after the Mar ADP employment change rose +155,000, stronger than expectations of +120,000.  Also, Feb factory orders rose +0.6% m/m, stronger than expectations of +0.5% m/m. 

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