Source: Sharecast
As of 1540 GMT, the Dow Jones Industrial Average was up 0.05% at 44,446.14, while the S&P 500 advanced 0.55% to 6,027.47 and the Nasdaq Composite came out the gate 1.16% firmer at 19,616.81.
The Dow opened 24.23 points higher on Tuesday, taking a modest bite out of losses recorded in the previous session after Donald Trump signed an order to impose 25% tariffs on Mexico and Canada, plus a 10% levy on China.
Sentiment got a boost late on Monday after Trump said the duty on Mexican goods would be paused for a month and later agreed to halt the implementation of tariffs against Canada for at least 30 days.
China, however, slapped tariffs of up to 15% on US imports of coal and liquefied natural gas and 10% higher duties on crude oil, farm equipment and selected cars, with effect from 10 February. It also vowed to file a lawsuit with the World Trade Organisation.
Trump also indicated over that the UK and the European Union were next up for a fresh round of tariffs, stating that both were “out of line”. While he noted that a deal could possibly be “worked out” with the UK, he stated that EU tariffs “will definitely happen”.
In the corporate space, shares in music streaming giant Spotify were up double-digits ahead of the bell on Tuesday after its Q4 earnings beat revenue expectations and it reported its first full-year profit, while PepsiCo fell short of estimates with its latest quarterly revenue performance, and Estee Lauder said Q2 gross profits had fallen 2% on the back of a 6% decline in net sales.
Still to come, Google parent company Alphabet was slated to report earnings after the close.
On the macro front, new orders for goods manufactured in the US sank 0.9% month-on-month to $578.5bn in December, according to the Census Bureau, extending November's revised 0.8% drop and missing market expectations for a smaller 0.7% decline. Transportation goods orders were down 7.4% to $86.14bn due to a plunge in non-defence aircraft orders.
Elsewhere, US job openings fell by 556,000 to 7.6m in December, according to the Census Bureau, missing market expectations for a reading of 8.0m and indicating a gradual cooling of the labour market. Over the same period, hires rose by 89,000 to 5.5m, while total separations were up by 38,000 at 5.3m.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Intel Corp. (INTC) $19.45 3.14%
Cisco Systems Inc. (CSCO) $61.29 2.48%
Chevron Corp. (CVX) $152.84 2.34%
Dow Chemical Co. (DOW) $37.96 1.55%
Nike Inc. (NKE) $77.52 1.21%
Johnson & Johnson (JNJ) $153.15 0.85%
Amgen Inc. (AMGN) $289.06 0.68%
3M Co. (MMM) $150.88 0.56%
Goldman Sachs Group Inc. (GS) $635.88 0.55%
Walmart Inc. (WMT) $99.88 0.35%
Dow Jones - Fallers
Merck & Co. Inc. (MRK) $89.63 -10.18%
Walgreens Boots Alliance, Inc. (WBA) $9.76 -2.01%
Procter & Gamble Co. (PG) $167.38 -0.82%
Verizon Communications Inc. (VZ) $39.70 -0.70%
Visa Inc. (V) $343.40 -0.70%
Walt Disney Co. (DIS) $113.39 -0.54%
American Express Co. (AXP) $314.84 -0.53%
Microsoft Corp. (MSFT) $412.21 -0.40%
Unitedhealth Group Inc. (UNH) $546.62 -0.28%
Home Depot Inc. (HD) $407.73 -0.25%
S&P 500 - Risers
Dollar Tree Inc (DLTR) $72.52 6.21%
Nvidia Corp. (NVDA) $120.21 5.59%
Valero Energy Corp. (VLO) $142.74 4.82%
News Corp Class B (NWS) $32.76 4.72%
Marathon Petroleum Corporation (MPC) $153.65 4.52%
HF Sinclair Corporation (DINO) $36.99 3.99%
Cummins Inc. (CMI) $361.78 3.90%
Advanced Micro Devices Inc. (AMD) $117.53 3.81%
Apache Corp. (APA) $22.18 3.57%
LyondellBasell Industries (LYB) $78.70 3.15%
S&P 500 - Fallers
Estee Lauder Co. Inc. (EL) $69.76 -15.71%
Merck & Co. Inc. (MRK) $89.63 -10.18%
Ball Corp (BALL) $51.47 -7.56%
Paypal Holdings Inc (PYPL) $80.91 -7.16%
Clorox Co. (CLX) $151.09 -5.44%
Nektar Therapeutics (NKTR) $0.80 -5.06%
Centene Corp. (CNC) $61.64 -4.91%
Dominion Energy Inc. (D) $53.75 -4.56%
Illumina Inc. (ILMN) $125.01 -3.99%
Willis Towers Watson Public Limited Company (WTW) $316.88 -3.96%
Nasdaq 100 - Risers
Qurate Retail Inc. (QRTEA) $0.37 6.69%
Dollar Tree Inc (DLTR) $72.52 6.21%
Nvidia Corp. (NVDA) $120.21 5.59%
Mercadolibre Inc. (MELI) $1,936.96 4.82%
JD.com, Inc. (JD) $41.68 4.62%
Sirius XM Holdings Inc (SIRI) $24.28 4.32%
Intel Corp. (INTC) $19.45 3.14%
Regeneron Pharmaceuticals Inc. (REGN) $689.91 3.11%
KLA-Tencor Corp. (KLAC) $751.60 2.99%
Micron Technology Inc. (MU) $90.82 2.98%
Nasdaq 100 - Fallers
Paypal Holdings Inc (PYPL) $80.91 -7.16%
Vodafone Group Plc ADS (VOD) $8.02 -6.39%
Illumina Inc. (ILMN) $125.01 -3.99%
Walgreens Boots Alliance, Inc. (WBA) $9.76 -2.01%
Charter Communications Inc. (CHTR) $337.01 -1.79%
Fiserv Inc. (FI) $213.76 -1.32%
NetEase Inc. Ads (NTES) $101.71 -1.15%
Mondelez International Inc. (MDLZ) $56.87 -0.77%
Autodesk Inc. (ADSK) $305.58 -0.54%
Comcast Corp. (CMCSA) $33.21 -0.52%