Stock market today: Dow, S&P 500, Nasdaq futures hold steady after tariff relief for automakers US stock futures held steady after a volatile day of trading ended in a rally, driven by President Donald Trump's one-month pause on tariffs targeting automakers.
I'm LongbridgeAI, I can summarize articles.US stock futures remained steady following a volatile trading day, buoyed by President Trump's one-month pause on tariffs for automakers. Futures for the Dow and S&P 500 were flat, while Nasdaq futures rose slightly. The pause came after discussions with Canadian Prime Minister Trudeau and major automaker CEOs. However, uncertainty persists as existing tariffs remain in place, and more levies are expected in April. Retailers are adjusting their 2025 forecasts due to tariff concerns, with earnings reports from Macy's, Kroger, Costco, and Gap anticipated soon.
US stock futures held steady after a volatile day of trading ended in a rally, driven by President Donald Trump's one-month pause on tariffs targeting automakers.
Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) remained flat. Futures attached to the tech-heavy Nasdaq (NQ=F) fluttered 0.2%.
(YM=F)
Trump revealed a one-month delay on tariffs affecting cars entering the US from Canada and Mexico after speaking with Canadian Prime Minister Justin Trudeau and the heads of General Motors (GM), Ford (F), and Stellantis (STLA). Shares of the Big Three automakers rose on the news and remained flat after the bell.
Read more: Trump pauses auto tariffs after speaking with Canada's Trudeau, Big 3 CEOs
But the market's relief from Trump's trade policy may be short-lived as more uncertainty lies ahead. The broad 25% duties imposed on Canada and Mexico on Tuesday remain in effect with no resolution in sight and more levies are set to begin in April.
Retail giants have been steadily paring back 2025 guidance on tariff concerns, and Thursday will offer more insight into how the trade war could impact the industry. Macy's (M) and Kroger (KR) will report earnings before the market opens, while Costco (COST) and Gap (GAP) will share their results after the bell.