Stock market today: S&P 500, Nasdaq, Dow rally after Trump pauses Canada, Mexico auto tariffs
Published On Mar 5, 2025, 4:08 PM
US stocks experienced a rally on Wednesday following President Trump's announcement of a one-month exemption from auto tariffs for major automakers, including Ford, GM, and Stellantis. The tech-heavy Nasdaq led the gains, advancing over 1.4%. Meanwhile, the S&P 500 and Dow Jones also saw increases of about 1.1%. The automotive sector stocks surged, with each major player gaining at least 5%. However, a jobs report showed that job growth had significantly slowed in February, raising concerns about underlying economic health. Despite the positive stock movement, ongoing tariff threats continue to spark volatility in the markets.
Stock Forecasts
F
Positive
The lifting of tariff pressures, even temporarily, is likely to boost investor sentiment for major automakers, suggesting potential for stock price appreciation.
CRWD
Negative
As investors remain uncertain following jobs data and tariff implications, tech stocks may experience volatility, marking CrowdStrike's recent forecast as a potential red flag against its price expectations.
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