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Stocks close higher as Trump's tech tariff reprieve boosts markets

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All three of the major indexes (^DJI, ^GSPC, ^IXIC) closed higher after President Trump announced that some electronics products would be exempted from his "reciprocal" tariffs. Market Domination Overtime Anchor Josh Lipton and Yahoo Finance Markets and Data Editor Jared Blikre recap the action at the close.

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

00:00 Speaker A

Let's see where the major averages uh ended up here. They ended up in the green. Yes, we we uh paired some gains, but you are positive across the popular averages. The Dow tacked on about 313 points. Your broad gauge, the S&P 500, is going to finish up about 8/10 of a percent. The Nasdaq finishes up about 6/10 of a percent. Small caps, the Russell, looks like that's going to tack on about 3% in today's trade. Uh looking over treasures real quickly, we have relief there. 10 year back to 437. Jared, over to you.

00:46 Jared

Thank you. Uh we are coming off the highs here, but somewhat productive day, and we'll take a look at the sector action in a second. Just wanted to get a closing look at the VIX. We are now over uh under 30, and that's actually going to close in a few minutes there. Also want to check out the ICE BofA MOVE Index, kind of like the bond kind of like the bond markets VIX, and you can see that's still fairly elevated, much closer closer to recent highs. And uh we can also check out the US dollar, which ticked a little bit lower, as I said at the top of the 3:00 p.m., that's pretty close to three-year lows. So something to keep in mind there. And here's the sector action. All 11 sectors in the green, led by real estate, utilities, and staples, and then health care. All four of those are the most defensive sectors. So kind of a defensively bullish day, we'll call it that, and move on to the Nasdaq 100, where we have a mixed board in terms of the mega caps. Apple uh up 2.21%. Let's get a year-to-date chart. Uh we started off the day around up about 5%, and that's a month to date. There's the year to date. You can see we're still down almost 20% on the year. By the way, the Apple chart looks a lot like the S&P 500 and the Nasdaq itself. Meta and Amazon each down uh 2% and 1 and 1/2% respectively. Broadcom down about 2%. And some of the smaller issues, I would say they're skewing green today. And then just a brief peek at the Dow. We see a mixed board there. Uh aside from the mega caps, we're seeing some weakness in health care, specifically United Health. Uh JP Morgan down about 2/3 of a percent. Disney off just a little bit. For the most part, seeing more green than red. And let's check inside the tech sphere. We have semiconductors, the bigger ones tend to be in the red here. Nvidia only off by about 20 basis points. Mentioned before that Broadcom down about 2%. Taking a look inside software, aside from Microsoft, we have quite a few winners here. There's an equal weight, so you can see a lot more green than red. And then we'll finish here with Ark Innovation Fund components, that would be unprofitable tech, and kind of a mixed board here. We got a few in the green, a few in the red. And I'm going to send it back to you, Josh.

04:12 Josh

Thank you, Jared.