Stocks battled to stay in the green throughout the day, with major U.S. indexes eventually closing marginally higher amid ongoing debates over President Trump's proposed tariffs. Many notable companies remain near their all-time highs, but macroeconomic concerns continue to dominate investor attention this week.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Vectrus VEC - +10.4%
Growth: Electro Scientific Industries ESIO - +3.9%
Momentum: American Public Education APEI - +13.4%
Income: Lam Research LRCX - +4.7%
Dow: 24,884.19 / 9.43 / +0.04%
Nasdaq: 7,372.01 / 41.30 / 0.56%
S&P 500: 2,727.37 / 6.43 / 0.24%
Stock markets were shaken by the U.S. Labor Department's report of rising wages at the beginning of February. Market participants seemed to view this as a clear sign of inflationary pressures. Our chief strategist John Blank debates whether this commotion was actually justified.
Continued uncertainty surrounding President Donald Trump's proposed tariffs caused U.S. steel and aluminum stocks and funds-including U.S. Steel X , Alcoa AA , and the S&P Metals and Mining ETF XME -to fluctuate on Tuesday.
Shares of Target TGT slipped over 5% on Tuesday morning after the company reported fourth-quarter earnings that fell short of analyst expectations, with growth initiatives placing a significant strain on its bottom line.
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