The S&P 500 (SPX) was volatile today after President Donald Trump discussed his tariff plans. Trump, who took office earlier this week, has threatened to introduce tariffs on several countries as part of his economic plan.
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President Trump has threatened to slap Canada and Mexico with 25% tariffs starting Feb. 1, 2025. This news hasn’t been well received by economists, who believe such actions will increase inflation in the U.S. While Trump has held off on tariffs against China, the President warned that such actions aren’t off the table.
While this talk sent the S&P 500 lower in morning trading, the index has recovered since then. Now the SPX is up 0.08%, continuing its positive year-to-date increase of 4.03%.
What Stocks Are Moving the S&P 500 Today?
Turning to the TipRanks SPX heatmap tool, traders will see the exact stocks affecting the index on Friday. Nvidia (NVDA) is weighing on the index with a 1.64% decrease, but Broadcom (AVGO) is helping counteract that with a 2.21% gain. Alphabet (GOOGL), Meta Platforms (META), and Eli Lilly (LLY) are also keeping the index from falling today with stock price increases.
How to Invest in the S&P 500
Investors can’t take a direct stake in the SPX as it’s only an index. Instead, they might consider buying shares on it. The dip in NVDA stock makes it an attractive target today as the artificial intelligence (AI) boom is expected to continue in 2025. Nvidia is a leader in this market, meaning its stock will likely gain significantly this year.
Another option is investing in exchange-traded funds that track the S&P 500, including those betting on and against the index. One popular choice is the SPDR S&P 500 ETF Trust (SPY) but there are plenty of ETFs to choose from.
