U.S. Stock Market

Mar S&P 500 E-mini stock futures this morning are up +10.75 points (+0.40%). Tuesday's closes: S&P 500 +1.39%, Dow Jones +1.70%, Nasdaq +1.73%. The S&P 500 on Tuesday closed higher on upbeat comments from Cleveland Fed President Mester who said, "I expect the economy will work through this episode of market turbulence and in my view, the underlying fundamentals supporting the economy are very sound." Stocks were also supported by reduced interest rate concerns after the 10-year T-note yield declined. Stocks were undercut by heightened trade concerns after President Trump said tariffs are an option on foreign steel and aluminum producers.