FX.co ★ S&P 500, Nasdaq Rise for 3rd Day

On Tuesday, the S&P 500 experienced a marginal increase of 0.1%, while the Nasdaq advanced by 0.5%, both marking their third consecutive session of gains. In contrast, the Dow Jones Industrial Average remained unchanged as investors continued to evaluate the implications of impending tariffs amidst broader economic uncertainty. An initial rally on Monday was driven by optimism surrounding more precisely-targeted tariff strategies. However, this enthusiasm waned after President Trump suggested possible exemptions for certain countries from the reciprocal duties scheduled for April 2. He also alluded to potential forthcoming tariffs on pharmaceuticals and automotive products. Tesla's shares increased by 3.4%, building on a 12% rise from the previous day, whereas Nvidia saw a slight decline of 0.6%. In the homebuilding sector, KB Home's stock fell by 5.1% following a reduction in its sales forecast. Additionally, UniFirst's shares plummeted by 14.1% after Cintas decided to cease acquisition discussions. Compounding market apprehensions was a drop in consumer confidence, which reached a four-year low, with forward-looking expectations hitting their lowest point in 12 years.