The S&P 500 (SPX) saw a decent gain on Tuesday as markets reacted positively to President Donald Trump’s first day in office. President Trump suggested 25% tariffs on Canada and Mexico starting next month but didn’t discuss universal tariffs. He also didn’t reveal hard numbers for new tariffs on China. This is more muted than what experts expected on his first day in office, which helped boost the stock market today.
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President Trump signed several executive orders during his first day in office, including reducing regulations in various fields. The oil industry is among these, which the new President hopes to reignite by loosening red tape for drilling and production.
The SPX is reacting well to President Trump’s first day in office with the index up 0.38% as of this writing. That builds on a 1.96% increase year-to-date fueled by anticipation of the change of power in the U.S.
Stocks Lifting the S&P 500 Today
Turning to the TipRanks SPX heatmap tool, investors will see which stocks are boosting the index higher today. Stocks are mostly green on Tuesday, but there are a couple of standouts deep in the red. Apple (AAPL) and Tesla (TSLA) shares are falling hard today alongside updated analyst coverage, limiting further gains for the S&P 500.
How to Invest in the S&P 500
Investors can’t take a direct stake in the S&P 500 as it’s only an index. However, they can buy shares listed on the index. Depending on trading strategies, investors might consider acquiring shares falling or rising today. The former is an attractive idea as AAPL and TSLA dips make them potential investments to consider.
Another option for traders is acquiring a stake in an exchange-traded fund (ETF) that tracks the S&P 500. That includes those betting on and against the index. One popular option is the SPDR S&P 500 ETF Trust (SPY) but there are plenty of other ETFs to choose from.
