U.S. Stocks Close Tuesday Up
The Dow Jones Industrial Average edged up 0.07%, adding 32.26 points to settle at 49,533.19. The S&P 500 gained 0.1%, or 7.05 points, closing at 6,843.22, while the Nasdaq rose 0.14%, tacking on 31.71 points to finish at 22,578.38. The Volatility Index (VIX) — widely referred to as the "fear index" — retreated 4.29% to 20.29, signaling a modest easing of market anxiety.
Investors pivoted away from struggling software names, channeling capital into financial heavyweights. JPMorgan shares climbed more than 1.5%, while Citigroup surged 2.6%. Goldman Sachs advanced 1.2% and Wells Fargo added 0.5%.
Software stocks, meanwhile, remained under sustained pressure amid mounting fears that artificial intelligence tools could render sector-specific vendors obsolete. ServiceNow shed over 1%, while Palo Alto Networks and Autodesk each dropped more than 2%. Oracle and Salesforce bore the steepest losses, both tumbling approximately 3%.
The session's modest gains followed a bruising stretch for markets. Last week, AI-disruption anxieties rippled across software, real estate, trucking, and financial services, dragging the S&P 500 to a second consecutive negative week. The blue-chip Dow and the S&P 500 each shed over 1%, while the tech-heavy Nasdaq fell more than 2%.
On the trade front, President Donald Trump announced Tuesday that Japan is moving forward with the first wave of investments under its $550 billion commitment tied to a trade agreement reached last July. Highlighting three projects spanning oil, gas, and critical minerals on US soil, Trump declared on his Truth Social platform: "Our MASSIVE Trade Deal with Japan has just launched."
Separately, US Trade Representative Jamieson Greer indicated Tuesday that steel and aluminum tariffs could see technical adjustments for compliance purposes, but stressed the levies would remain firmly in place.
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