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 saw a rally on March 5, 2025, following President Trump's announcement of a one-month exemption from auto tariffs for major automakers such as Ford, GM, and Stellantis. This decision eased investor concerns regarding previous tariff threats which had caused selling pressure and pushed the markets to their lowest levels since the election. Technology stocks led the increase, with the Nasdaq Composite up by more than 1.4%, and the Dow and S&P 500 also making notable gains. However, concerns lingered as the job market showed signs of slowing, with only 77,000 jobs added in February, far below expectations.
Stock Forecasts
F
Positive
The temporary relief from tariffs is expected to boost automakers' stock prices in the short-term, especially as they recover from previous sell-offs due to tariff fears. Rising confidence among investors may translate to increased buying activity, particularly in the automotive sector.
GM
Positive
Similar dynamics of governmental easing on tariffs could provide necessary short-term support for GM after recent downturns due to trade war fears. Positive momentum could be expected if market confidence continues to improve following this announcement.
STLA
Positive
Given the potential reversal in tariffs and improved sentiment toward the auto sector, shares of Stellantis are likely to see upward movement. If tariff pressures are alleviated, traders may take positions anticipating gains in this stock.
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