The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.38%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.82%.  June E-mini S&P futures (ESM25) are up +0.38%, and June E-mini Nasdaq futures (NQM25) are up +0.81%. 

Stock indexes recovered from early losses on Tuesday and finished higher mainly due to the strength of the Magnificent Seven stocks.  Stocks on Tuesday initially opened lower ahead of Wednesday's announcement of new US tariffs.  President Trump will announce the details of the reciprocal tariffs on Wednesday at 3 pm EST, and they will take immediate effect, according to a White House spokesperson. 

Stocks were also weighed down by a report Tuesday from the Washington Post that said the reciprocal tariffs that President Trump is considering will be around 20% on most imports to the US.  The tariff worries have fueled risk-off sentiment in asset markets and sparked safe-haven buying of governmen... Read more