On Tuesday, January 21st, U.S. markets closed mixed, with the S&P 500 and Dow reaching month-highs as investors welcomed a restrained approach to tariffs in President Trump’s initial actions. While concerns about trade policy persist, markets were buoyed by hopes for a more strategic, negotiable approach to tariffs.

Most sectors on the S&P 500 closed higher on Tuesday, with notable gains in industrials, real estate, and health care, reflecting broad market strength. However, energy stocks diverged from the overall positive trend, ending the session lower amid sector-specific pressures.

The Dow Jones Industrial Average was up 1.24% and closed at 44,025.81, the S&P 500 closed higher by 0.88% at 6,049.24, and the Nasdaq Composite rose 0.64% to finish at 19,756.78.

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Eurozone at 05:30 AM ET

• The European STOXX 50 was up 0.83%.
• Germany’s DAX rose 1.13%.
• France’s CAC rose 0.77%.
• U.K.’s FTSE index 100 traded higher by 0.24%.
• European stocks rose modestly Wednesday amid cautious sentiment on trade threats from Trump’s administration. The focus remained on Davos, ECB rate cuts, EasyJet’s recovery, AI investments, and oil price drops due to U.S. output plans.

Commodities at 05:30 AM ET

U.S. Futures at 05:30 AM ET

Dow futures were up 0.13%, S&P 500 futures rose 0.40% and Nasdaq 100 futures gained 0.78%.

Forex at 05:30 AM ET

• The U.S. Dollar Index declined 0.14% to 107.80, USD/JPY gained 0.14% to 155.71, and USD/AUD declined 0.26% to 1.6897.
• The dollar hovered near two-week lows amid uncertainty over Trump’s tariff plans, with mixed currency movements reflecting cautious sentiment.

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