The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.52%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.13%. March E-mini S&P futures (ESH25) are up +0.27%, and March E-mini Nasdaq futures (NQH25) are up +0.11%.
Stocks on Tuesday settled mixed. The overall market garnered support Tuesday from a report from Bloomberg that said President-elect Trump’s economic team is considering a gradual ramp-up in trade tariffs in a strategy to avert a spike in inflation. Stocks also found support after US Dec producer prices rose less than expected, reducing inflation concerns and boosting expectations for a friendly US CPI report on Wednesday.
