U.S. Stocks End Mixed After Tariff Hike and Fed Cautiousness
U.S. stock markets closed in mixed territory on Tuesday, influenced by President Donald Trump's tariff escalation and the Federal Reserve's cautious stance on interest rates.
* Major Indices:
* S&P 500: Flat, up 0.03%, to 6,068.50
* Dow Jones Industrial Average: Up 0.3%, to 44,593.65
* Nasdaq composite: Down 0.4%, to 19,643.86
* Russell 2000: Down 0.5%, to 2,275.70
* Market Sentiment:
* President Trump's imposition of 25% tariffs on foreign steel and aluminum weighed on sentiment.
* The Federal Reserve hinted at a pause in further interest rate cuts, impacting the bond market.
* Notable Company:
* Coca-Cola's stock rose after it reported strong earnings.
* Weekly Performance:
* S&P 500: Up 0.7%
* Dow: Up 0.7%
* Nasdaq: Up 0.6%
* Russell 2000: Down 0.2%
* Year-to-Date Performance:
* S&P 500: Up 3.2%
* Dow: Up 4.8%
* Nasdaq: Up 1.7%
* Russell 2000: Up 2%