Major US indices snap back from tariff news and closes higher

The major US stock indices snapped back from the late-day tariff news on Canada and Mexico and is closing higher on the day .

The final numbers are showing:

• Dow industrial rose 160.61 points or 0.38% at 44882.31
• S&P index rose 31.86 points or 0.53% at 6071.17.
• NASDAQ index rose 49.43 points or 0.25% and 19681.75
• Russell 2000 rose 24.3 point points or 1.07% and 2307.45

Looking at the S&P sectors, the gains are led by utilities and healthcare. On the downside, information technology was the only sector that saw a decline of -0.56%.

• Utilities (S5UTIL): +2.13%
• Health Care (S5HLTH): +1.15%
• Consumer Discretionary (S5COND): +0.61%
• Consumer Staples (S5CONS): +1.07%
• Materials (S5MATR): +1.00%
• Real Estate (S5REAS): +1.02%
• Energy (SPN): +0.52%
• Financials (SPF): +0.95%
• Telecommunication Services (S5TEL): +1.15%
• Industrials (S5INDU): +0.76%
• Information Technology (S5INFT): -0.56% (weakest)

in after-hours earnings:

• Visa Inc (V) Q1 2025: EPS $2.75 (BEAT; exp. $2.66), Revenue $9.50B (BEAT; exp. $9.34B).. Shares of Visa are trading up $8.20 or 2.39% at $351.56.
• Intel Corp (INTC) Q4 2024: EPS $0.13 (BEAT; exp. $0.12), Revenue $14.26B (BEAT; exp. $13.81B)

  Q1 Guidance: EPS $0.00 (MISS; exp. $0.08), Revenue $11.7–$12.7B (MISS; exp. $12.87B), Gross Margin 36% (MISS; exp. 39.3%). Intel shares are trading up $0.38 or 1.85% at $20.42.

This article was written by Greg Michalowski at www.forexlive.com.