The 30-stock Dow popped roughly 440 points, or about 1%, to a new record close during regular trading. The S&P 500 gained 0.3% to notch a new all-time intraday high, while Nasdaq Composite edged up about 0.3%. The Russell 2000 hit a new intraday high — its first record since 2021 — as investors piled into small caps.

The president-elect said he would impose a 25% conditional tariff on Canadian and Mexican imports that could violate a free-trade deal he negotiated during his previous term. "New tariffs from the U.S.

Major averages search for direction on Tuesday, as investors assess President-elect Donald Trump's new tariff threats on Mexico, Canada, and China. The S&P 500 (SP500) was +0.2%, the Nasdaq Composite (COMP:IND) was +0.