Stock Futures Rise Slightly After Market Sell-Off Amid Trump's Tariff Reversal

U.S. stock futures edged higher Tuesday evening after a sharp sell-off on Wall Street, as investors remained cautious over President Donald Trump’s shifting tariff policies.

S&P 500 Futures gained 0.3% to 5,594.25, Nasdaq 100 Futures rose 0.4% to 19,473.0, and Dow Jones Futures increased 0.2% to 41,556.0.

Earlier, Trump unexpectedly announced a 50% tariff on Canadian steel and aluminum, escalating trade tensions in response to Ontario’s 25% surcharge on electricity exports. However, the tariff hike was swiftly rescinded after Ontario Premier Doug Ford suspended the surcharge and scheduled talks with U.S. Commerce Secretary Howard Lutnick.

Tuesday’s session saw continued market declines. The S&P 500 fell 0.8%, the Dow dropped 1.1%, and the Nasdaq Composite dipped 0.2%, extending Monday’s losses. Tesla rebounded 3.7% after a 15% plunge, while NVIDIA gained 1.8%, and Broadcom rose 3.1%. Delta Air Lines tumbled 7% after cutting its Q1 profit outlook, citing weak demand and economic uncertainty.

Investors now await the upcoming Consumer Price Index (CPI) report, which could impact the Federal Reserve’s interest rate decision next week.