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Dow leads gains, stocks move higher on tariff relief hopes

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The Dow Jones Industrial Average (^DJI) leads equity gains (^IXIC, ^GSPC) after closing Tuesday's trading session 0.75% higher. This comes amid the Big Tech earnings results due out this week and the Trump administration's proposed tariff relief policies on US automakers.

Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the day's market and sector performances.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

00:00:09 Speaker A

There's the closing bell on Wall Street. And now it's market domination overtime. Jared Blickre is going to be along in a moment to give us the details from today's session. I'll start with the major averages here, and what we're seeing, what we saw throughout the day, was the Dow kind of build on some earlier gains here. We had the president, just a short time ago, signing an executive order which sort of rejiggers the tariffs on autos, particularly domestic automakers. And that seemed to give us just some relief to the market overall as well. The Dow finishing higher by 300 points, about three quarters of 1%. This is even in the face of new consumer confidence data we got this morning from the Conference Board that showed continued deterioration there. But nonetheless, stocks still gaining the S&P 500 up on the day about six tenths of 1%, and the NASDAQ up about the same, between half and six tenths of 1%. Jared's got a closer look at today's action right now.

00:01:25 Jared

Thank you, Julie. I just want to take a quick look at the year-to-date chart for the S&P 500. Then we'll do some heat maps. All right, year-to-date, we have now, we're starting to accept this price area where we have a bunch of price memory. Remember that last time, the first couple times that we hit this in earlier April, we got some really strong rejections. Just remember that acceptance is the first step to profits. And here we go with the sector action. Financials in the lead of 1%. Materials, real estate, staples utilities, consumer discretionary, round out the top rows. So, some of the top ones is kind of a mix of cyclicals and also defensive, which is rather interesting. Energy, the only sector taking it to the downside. And if we take a look inside the NASDAQ 100, we are seeing more green than red. Some of the big names in the red, broad, excuse me, Amazon, Alphabet, as well as Broadcom. In the green here, we have Tesla up 2%, Costco up 1%, and some of the other micro strategy up three, Honeywell up 5%. Not a lot of outside movements. So, we'll take a quick look at the Dow, then the leaders. We can see Honeywell again, Sherwin Williams, up 5%, and overall pretty green board for the day. Looking at some of the sentiment indicators, chips were down. So, let's take a quick look there in a second. And then TAN, that's a solar ETF. That was also down, but cannabis leading the way to the upside. That's MJ, and then software number two. So, kind of interesting to see semiconductors taking a lot of redness today, or having exposing a lot of losses today, at least in some of these names. And then software mainly in the green. So, a split tech trade.