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US Stocks Trade Mixed as Investors Assess Tariffs and Inflation Outlook

US stocks traded mixed Tuesday, with Dow Jones Industrial Average higher, S&P 500 flat, and Nasdaq Composite lower. Investors digested Trump's tariff announcements and awaited Jerome Powell's testimony. Coca-Cola shares rose after earnings beat, while Shopify stock rebounded from losses. Gold surged on tariff threats, while Powell emphasized Fed independence and played down recession concerns.