S&P 500, Nasdaq Rise for 3rd Day
The S&P 500 rose 0.1% on Tuesday, and the Nasdaq gained 0.5%, marking their third consecutive session of gains.
The Dow Jones remained flat as investors weighed the impact of looming tariffs and economic uncertainty. Monday’s rally, sparked by optimism over more targeted tariff measures, lost steam after President Trump suggested certain countries could be exempt from reciprocal duties set to take effect on April 2, while also hinting at potential new tariffs on pharmaceuticals and autos.
Tesla rose 3.4% following its 12% surge on Monday, while Nvidia declined 0.6%. KB Home tumbled 5.1% after lowering its sales forecast, and UniFirst plunged 14.1% as Cintas withdrew from acquisition talks. Adding to market concerns, consumer confidence fell to a four-year low, with future expectations sinking to their weakest level in 12 years.
Source: Trading Economics