Stock market today: Dow, S&P 500, Nasdaq futures surge after Lutnick hints at possible tariff relief
Published On Mar 5, 2025, 5:11 AM
U.S. stock futures have surged as Commerce Secretary Howard Lutnick suggested a possible pathway to tariff relief for Canada and Mexico. This comment comes after recent trade tensions caused a significant drop in the stock market. Investors are optimistic that these hints of tariff relief may ease the economic concerns surrounding the new tariffs imposed by President Trump on key trading partners.
Stock Forecasts
SPY
Positive
If the administration formally rolls back tariffs, it could restore investor confidence. Stocks tied to trade with Canada and Mexico may benefit the most, particularly those in the consumer and industrial sectors.
QQQ
Positive
Stocks in sectors heavily reliant on international trade, such as technology and consumer goods, are likely to react positively to any news of reduced tariffs, suggesting potential upward movement.
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