Stock market today: Dow, S&P 500, Nasdaq futures dip despite tariff relief for automakers

The potential impact on the automotive industry is significant given the recent tariff updates. The relief will allow companies like Ford (F), General Motors (GM), and Stellantis (STLA) to stabilize their operations temporarily. However, the uncertainty around upcoming tariffs may weigh on investor sentiment in the longer term. Companies in the retail space like Macy's and Kroger are also at risk and their earnings reports will be closely watched for indications of how tariffs are affecting their margins and guidance.

Companies like General Motors (GM) and Ford (F) may benefit from the temporary relief, but the lingering threat of tariffs could hinder substantial upward movement. Investors should be cautious as future earnings reports could reiterate concerns over pricing impacts due to these tariffs. Yet, Ford's stock has reasonable growth potential due to the brand's strong market position and adaptation to electric vehicles, which may cushion the negative impacts of trade uncertainties.

Macy's (M) and Kroger (KR) are also positioned to be affected by the increased costs related to tariffs. Their upcoming earnings could reflect negatively if inflation continues to rise due to import tariffs, which can squeeze profit margins. Investors might see a bearish trend in these retail stocks in the short term pending their earnings announcements.