The S&P 500 (SPX) is up on Thursday as investors shake off the negative effects of President Donald Trump’s latest tariff announcement. The President introduced a 25% tariff on all auto imports this morning. This initially dropped the stock market, but that negative momentum didn’t stick around.
President Trump’s tariffs weren’t unexpected, and investors may be better adjusted to his trade war. That seems like the case, with the stock market recovering as quickly as it did from the auto tariff news. This could be a positive sign for the stock market if it can remain resilient despite economic uncertainty.
This has the SPX up 0.21% as of this writing. While that increase is good, investors will note the index is still down 2.88% year-to-date.
Which Stocks Have the SPX Index Up Today?
Turning to the TipRanks SPX heatmap tool, traders will see which stocks are affecting the index on Thursday. Moderate gains across the heatmap explain why the index is up today. There are also some pockets of deep green, including Tesla (TSLA). Its gain is likely fueled by today’s tariff announcement.
How to Invest in the S&P 500 Index?
Traders can’t take a direct stake in the S&P 500 as it’s only an index. Instead, they can buy shares listed on it. Those hoping to ride today’s rally will want to stick with green stocks. Others might consider a stake in falling shares today if they expect a rebound is on the horizon.
A third option is buying shares of an exchange-traded fund (ETF) that tracks the SPX. There are plenty of options to choose from, with the SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV), and the Vanguard S&P 500 ETF (VOO) being popular picks.
