(Sharecast News) - Major indices were mostly higher at the close on Tuesday as investors digested a report from the Washington Post that the White House was considering slapping 20% tariffs on most imports into the US.
At the close, the Dow Jones Industrial Average was down 0.03% at 41,989.96, while the S&P 500 advanced 0.38% to 5,633.07 and the Nasdaq Composite saw out the session 0.87% firmer at 17,449.89.
The Dow closed just 11.80 points lower on Tuesday following gains recorded in the previous session as the blue-chip index wrapped up an otherwise disappointing Q1 on a high.
Traders continued to look ahead to Donald Trump's 'Liberation Day' tariff announcements on Wednesday, with the White House expected to unveil reciprocal tariffs on goods from virtually all countries, rather than just the 10-15 with trade imbalances with the US.
Also in focus were a pair of manufacturing purchasing managers' index reports, with S&P Global's manufacturing PMI falling to 50.20 in March, down from 52.70 in February, while the Institute for Supply Management's manufacturing PMI slipped to 49 in March, down from 50.3 in the prior month and below forecasts a reading of 49.5. The decline in the ISM's PMI marked the first contraction in factory activity in three months.
Elsewhere on the macro front, job openings decreased by 194,000 in February to 7.56m, according to the Bureau of Labor Statistics' JOLTS jobs report, down from an upwardly revised reading of 7.76m in January and consensus estimates for a print of 7.63m.
Finally, construction spending rose 0.70% month-on-month in February, according to the Census Bureau.
In the corporate space, Calvin Klein parent company PVH traded sharply higher on the back of a Q4 earnings and revenue beat, while Johnson & Johnson shares headed south after a Houston judge threw out a $10.0bn proposal to settle tens of thousands of suits that allege its talc products cause ovarian cancer.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Microsoft Corp. (MSFT) $382.19 3.04%
Apple Inc. (AAPL) $223.19 2.38%
Cisco Systems Inc. (CSCO) $61.80 2.35%
Nike Inc. (NKE) $64.76 2.02%
Walmart Inc. (WMT) $88.83 1.18%
Chevron Corp. (CVX) $168.51 0.73%
Salesforce.Com Inc. (CRM) $270.10 0.69%
International Business Machines Corporation (CDI) (IBM) $250.26 0.68%
3M Co. (MMM) $147.65 0.55%
American Express Co. (AXP) $270.10 0.53%
Dow Jones - Fallers
Johnson & Johnson (JNJ) $153.25 -7.59%
Merck & Co. Inc. (MRK) $87.12 -2.94%
Boeing Co. (BA) $168.17 -1.40%
Intel Corp. (INTC) $22.05 -1.36%
Visa Inc. (V) $346.55 -1.17%
Walt Disney Co. (DIS) $97.68 -1.03%
Dow Chemical Co. (DOW) $34.61 -0.89%
JP Morgan Chase & Co. (JPM) $243.45 -0.67%
Home Depot Inc. (HD) $365.06 -0.26%
Unitedhealth Group Inc. (UNH) $522.72 -0.12%
S&P 500 - Risers
PVH Corp. (PVH) $76.43 18.24%
Dollar Tree Inc (DLTR) $75.34 5.14%
Nvidia Corp. (NVDA) $110.15 4.25%
Copart Inc. (CPRT) $57.21 4.09%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $373.91 4.02%
LKQ Corporation (LKQ) $42.97 3.92%
VF Corp. (VFC) $16.10 3.74%
Meta Platforms Inc. (META) $586.00 3.72%
Ralph Lauren Corp (RL) $228.70 3.71%
Ross Stores Inc. (ROST) $129.11 3.54%
S&P 500 - Fallers
Nektar Therapeutics (NKTR) $0.64 -8.97%
Johnson & Johnson (JNJ) $153.25 -7.59%
Southwest Airlines Co. (LUV) $31.59 -5.93%
Biogen Inc (BIIB) $132.03 -4.31%
Interpublic Group of Companies Inc. (IPG) $26.12 -3.83%
Omnicom Group Inc. (OMC) $79.72 -3.79%
Waters Corp. (WAT) $355.33 -3.41%
Pfizer Inc. (PFE) $24.54 -3.16%
Ipg Photonics Corp. (IPGP) $63.14 -3.06%
Merck & Co. Inc. (MRK) $87.12 -2.94%
Nasdaq 100 - Risers
Tesla Inc (TSLA) $268.46 7.53%
NetEase Inc. Ads (NTES) $106.35 5.19%
Dollar Tree Inc (DLTR) $75.34 5.14%
Nvidia Corp. (NVDA) $110.15 4.25%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $373.91 4.02%
Meta Platforms Inc. (META) $586.00 3.72%
Ross Stores Inc. (ROST) $129.11 3.54%
Micron Technology Inc. (MU) $88.71 3.50%
Autodesk Inc. (ADSK) $264.61 3.49%
J.B. Hunt Transport Services Inc. (JBHT) $149.72 3.26%
Nasdaq 100 - Fallers
Mercadolibre Inc. (MELI) $1,915.00 -4.49%
Biogen Inc (BIIB) $132.03 -4.31%
Biomarin Pharmaceutical Inc. (BMRN) $67.94 -4.16%
Qvc Group Inc Series A (QVCGA) $0.18 -3.95%
Regeneron Pharmaceuticals Inc. (REGN) $617.00 -2.10%
Sirius XM Holdings Inc (SIRI) $21.96 -1.96%
Intel Corp. (INTC) $22.05 -1.36%
Illumina Inc. (ILMN) $78.39 -1.05%
Vodafone Group Plc ADS (VOD) $9.27 -0.96%
Align Technology Inc. (ALGN) $158.08 -0.71%
419.76 (4.95%)
0.00