Weak Manufacturing Data Drags Stocks Down

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.