The S&P 500 Index ($SPX) (SPY) today is up +5.99%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +3.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +7.05%. June E-mini S&P futures (ESM25) are up +7.02%, and June E-mini Nasdaq futures (NQM25) are up +8.46%.
Stock indexes have erased early losses to trade sharply higher this afternoon, after President Trump said on Truth Social that he would raise duties on China to 125% but implement a 90-day pause on most other reciprocal tariffs. The increased tariffs on Beijing are due to “the lack of respect that China has shown to the World’s Markets,” said Trump.
