Stock market today: Dow, S&P 500, Nasdaq futures pull back from rally fueled by tariff hopes
Published On Mar 6, 2025, 4:14 AM
US stock futures fell as investors reacted to uncertainty surrounding President Trump's negotiations on tariffs, which had initially driven a previous rally. The market retreated after a temporary reprieve on tariffs affecting automakers, but anxiety over the broader implications of ongoing tariff policies has re-emerged. As earnings reports from major retailers are anticipated, concerns about the impact of tariffs on retail pricing and margins linger, potentially setting the stage for some volatility ahead.
Stock Forecasts
M
Negative
Given the uncertainty surrounding tariffs and their potential impact on various sectors, particularly retail, it might be a cautious period for investors. Retail stocks, especially those reporting soon, could be affected by the market sentiment related to these trade policies.
F
Negative
The automotive sector stocks were initially buoyed by the tariff delay but could now face downward pressure if the tariff worries persist. Investors should watch dynamics in Ford, GM, and Stellantis closely in light of ongoing negotiations.
COST
Neutral
Expectations for earnings from Costco may create upward potential if results are strong, given the retailer's robust position despite tariff concerns. However, the overall sector sentiment might dampen its impact.
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