Stock market today: Dow, S&P 500, Nasdaq futures rise after Lutnick hints at possible tariff relief

Published On Mar 4, 2025, 7:35 PM

US stock futures rose after comments from Commerce Secretary Howard Lutnick suggesting that President Donald Trump might ease tariffs on Canada and Mexico. Following the imposition of 25% tariffs which previously caused market declines, investors are hopeful for relief that could stabilize the markets. Futures for the Dow Jones, S&P 500, and NASDAQ all increased as traders await more updates on trade policies from the President.

Stock Forecasts

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The potential for eased tariffs could boost investor confidence and lead to a rebound in stock prices, particularly in markets heavily affected by trade, such as manufacturing and technology.

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Positive

With the possibility of tariff relief, companies that derive significant revenue from Canada and Mexico could benefit, potentially leading to positive price movements in those stocks.

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Late Tuesday, Commerce Secretary Howard Lutnick hinted that the U.S. might meet Canada and Mexico somewhere "in the middle" on tariffs.

(Reuters) -Investors are bracing for more U.S. stock market volatility when President Donald Trump delivers an address to Congress on Tuesday evening, on the heels of his implementation of new tariffs that rattled asset prices earlier in the day. The president's remarks come at a pivotal point for markets, as the post-election wave of exuberance and excitement has given way to anxiety that Trump's policies are weighing on economic growth and contributing to inflation. "A lot of where we are headed next really does depend on what is in this speech," said Steve Sosnick, market strategist at Interactive Brokers.

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Trump-based euphoria has evaporated from the stock market as recent tariff escalations and disappointing data spark growth fears.

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