The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.28%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.29%. March E-mini S&P futures (ESH25) are up by +0.05%, and March E-mini Nasdaq futures (NQH25) are down by -0.28%.
Stock indexes Tuesday recovered from early losses and settled mixed. Strength in chip stocks gave the broader market a boost. Stocks on Tuesday initially moved lower after President Trump imposed a 25% tariff on US steel and aluminum imports that will include finished metal products and take effect on March 12. European Commission President Von der Leyen immediately responded and said, “Unjustified tariffs on the EU will not go unanswered and will trigger firm and proportionate countermeasures.”
