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 +0.1%, the Nasdaq Composite (COMP:IND) was +0.

U.S. stocks hit all-time highs Tuesday after Donald Trump's recent remarks about tariffs caused little movement on Wall Street, despite the fact that they could rock the world economy if they were implemented.

The benchmark S&P 500 and the Nasdaq extended recent gains on Tuesday, as technology stocks rebounded, while investors digested President-elect Donald Trump's tariff pledges on top trade partners and the latest minutes from the Federal Reserve.

The major averages rose on Monday, as investors assessed Donald Trump’s pick of Scott Bessent as the Treasury Secretary. The S&P 500 (SP500) was +0.6%, the Nasdaq Composite (COMP:IND) was +0.7%, and the Dow (DJI) was +0.

The benchmark S&P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.