Stock market today: Dow, S&P 500, Nasdaq futures dip despite tariff relief for automakers
Published On Mar 5, 2025, 11:16 PM
U.S. stock futures, including the Dow, S&P 500, and Nasdaq, have dipped following a volatile trading day. This fluctuation comes despite President Trump's announcement of a one-month pause on tariffs that would have impacted automakers from Canada and Mexico. While automaker shares rose on this news, concerns remain over the uncertainty surrounding future tariffs, especially as 25% duties on imports from these countries are still in effect with no clear resolution in sight. Earnings reports from major retailers are expected soon, providing more insights into the potential impacts of trade on their business results.
Stock Forecasts
F
Negative
Given the mixed signals from the stock market, with futures dipping despite some relief for automakers, the uncertainty in trade policy could weigh heavily on investor sentiment. The continued apprehension regarding tariffs and upcoming earnings reports from retail companies could lead to further volatility in the market.
GM
Neutral
With the delay in tariffs benefitting automakers like Ford, the company may experience a boost in investor confidence in the short term. However, the looming uncertainty surrounding future tariffs suggests the potential for negative press if tariff issues resurface, especially if earnings reports do not meet expectations.
ZS
Positive
Zscaler's 5% increase following a strong earnings report showcases the demand for cybersecurity stocks, which could indicate a positive trend for tech-focused investments in response to market uncertainties involving traditional sectors like retail and automotive.
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