Stock market today: Dow, S&P 500, Nasdaq fall as Lutnick hints at more tariff exemptions
Published On Mar 6, 2025, 10:40 AM
Today, major US stock indices fell with the Dow down around 0.5%, the S&P 500 down 0.8%, and the Nasdaq dropping 0.9%. The declines came as Commerce Secretary Howard Lutnick indicated that the Trump administration might grant additional temporary tariff exemptions for goods from Canada and Mexico. This news followed a disappointing quarterly sales forecast from Marvell, which affected tech stocks significantly, particularly semiconductors like Nvidia, Broadcom, and AMD. Economic indicators showed a decrease in weekly jobless claims, hinting at some economic resilience, although the overall trade-war uncertainty continues to weigh on investor sentiment.
Stock Forecasts
SPY
Negative
The ongoing uncertainty regarding tariffs and trade policies, combined with tech sector volatility, signals a potential continued downturn for the affected stocks and indices in the near term. Major tech companies might face pressures leading to further sell-offs, particularly in the semiconductor space due to Marvell’s disappointing forecast. Investors should remain cautious as broader economic concerns and tariff policies evolve.
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