US stocks closed mixed on Tuesday as markets digested disappointing manufacturing data. Tech shares helped pare losses for the Dow, led by Intel and Apple — which reports after the bell. Meanwhile, the Nasdaq Composite was up nearly 1%. Treasury yields remained below the key level of 3% as the dollar rallied to a fresh multi-month high. The Trump administration extended steel and aluminum tariff exemptions on US allies for another 30 days.
US factory activity slowed more than expected in April.