S&P 500 reaches 2025's first record high
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S&P 500 reaches record territory
The S&P 500 (spx) surged to a fresh all-time high on tuesday, closing at 6,129.58 points and surpassing a $51 trillion market cap. Despite looming tariff concerns, traders piled into utilities, financials, and energy stocks, pushing the index 0.2% higher. The Dow Jones and Nasdaq composite posted more modest gains, each rising by less than 0.1%.
Trump's 25% auto tariff announcement
In the final hours of trading, markets reacted to donald trump’s new tariff plans, which include a 25% tax on imported cars, pharmaceuticals, and semiconductor chips. The auto sector will be hit first, with tariffs set to take effect april 2. Despite the news, markets remained resilient, signaling confidence in corporate earnings and economic momentum.
Fed minutes in focus
Traders now shift their attention to the federal reserve’s meeting minutes, set for release today. With Fed Chair Jay Powell previously stating that rate cuts are not imminent, investors will be looking for clues on inflation expectations and how policymakers view the potential economic impact of Trump’s tariffs. Any hawkish surprises could weigh on risk sentiment and drive treasury yields higher.
Trading outlook
The S&P 500’s bullish momentum remains intact, with near-term support at 6,050 and resistance near 6,180-6,200. If the Fed minutes signal a more dovish stance, further upside could be in store. However, tariff developments and inflation data remain key risk factors that could introduce volatility in the coming weeks.
The S&P 500 (spx) surged to a fresh all-time high on tuesday, closing at 6,129.58 points and surpassing a $51 trillion market cap. Despite looming tariff concerns, traders piled into utilities, financials, and energy stocks, pushing the index 0.2% higher. The Dow Jones and Nasdaq composite posted more modest gains, each rising by less than 0.1%.
Trump's 25% auto tariff announcement
In the final hours of trading, markets reacted to donald trump’s new tariff plans, which include a 25% tax on imported cars, pharmaceuticals, and semiconductor chips. The auto sector will be hit first, with tariffs set to take effect april 2. Despite the news, markets remained resilient, signaling confidence in corporate earnings and economic momentum.
Fed minutes in focus
Traders now shift their attention to the federal reserve’s meeting minutes, set for release today. With Fed Chair Jay Powell previously stating that rate cuts are not imminent, investors will be looking for clues on inflation expectations and how policymakers view the potential economic impact of Trump’s tariffs. Any hawkish surprises could weigh on risk sentiment and drive treasury yields higher.
Trading outlook
The S&P 500’s bullish momentum remains intact, with near-term support at 6,050 and resistance near 6,180-6,200. If the Fed minutes signal a more dovish stance, further upside could be in store. However, tariff developments and inflation data remain key risk factors that could introduce volatility in the coming weeks.