Stock futures rise after Monday’s big sell-off; Trump’s Mexico and Canada tariffs loom: Live updates
Published On Mar 3, 2025, 6:02 PM
U.S. stock futures rose following a significant sell-off in the traditional market due to looming tariffs on imports from Canada and Mexico announced by President Trump, which include a 25% duty and an additional 10% tariff on Chinese goods. Despite this, the overall sentiment remains mixed, with experts noting ongoing earnings growth in the U.S. economy. Tuesday will see earnings reports from major retailers like Best Buy and Target, as well as a speech from a Federal Reserve president.
Stock Forecasts
SPY
Positive
Given the recent increases in stock futures amidst tariff announcements, there is potential for a short-term bounce back in the stock market. However, ongoing geopolitical tensions and tariffs may pressure long-term market performance, particularly in sectors sensitive to international trade.
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