The S&P 500 Index ($SPX) (SPY) Monday closed up +0.67%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.24%. March E-mini S&P futures (ESH25) rose by +0.59%, and March E-mini Nasdaq futures (NQH25) rose by +1.12%.
Stock indexes Monday settled moderately higher, led by gains in US metals makers and mining stocks after President Trump imposed a 25% tariff on US steel and aluminum imports. The tariff increases also boosted gold prices to a record high and copper prices to a 4-month high. Strength in chip stocks also supported gains in the broader market.
