U.S. stock index futures rose Tuesday evening after Commerce Secretary Howard Lutnick suggested that President Donald Trump might negotiate with Mexico and Canada following the imposition of steep tariffs. This comes after two days of sharp declines in major indices due to trade tensions.
S&P 500 Futures climbed 0.7% to 5,832.25 points, Nasdaq 100 Futures increased 0.9% to 20,572.25, and Dow Jones Futures gained 0.6% to 42,834.0 by 18:58 ET (23:58 GMT).
On March 4, 2025, Trump enforced a 25% tariff on imports from Canada and Mexico, alongside a 20% duty on Chinese goods, sparking immediate retaliatory actions. Canada condemned the tariffs, while China’s finance ministry announced new levies of 15% on agricultural imports and 10% on dairy products.
In an interview with Fox Business, Lutnick stated Trump is willing to "meet in the middle" with Canada and Mexico, hinting at possible negotiations to ease trade tensions. The tariffs have raised concerns over economic growth and inflation, already a pressing issue for U.S. consumers.
Stocks took a hit during regular trading, with the S&P 500 dropping 1.2% to 5,778.18, the Dow Jones falling 1.6% to 42,521.66, and the NASDAQ Composite slipping 0.4% to 18,285.65.
Financial stocks suffered, with Morgan Stanley (NYSE:MS) plunging 5.7%, while JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS) each declined nearly 4%. Automakers also struggled as Ford (NYSE:F) fell 2.9%, Stellantis (BIT:STLAM) lost 4.4%, and General Motors (NYSE:GM) dropped 4.6%.
However, the tech sector saw some recovery, with NVIDIA (NASDAQ:NVDA) rebounding 1.6% after its recent downturn. Broadcom Inc. (NASDAQ:AVGO) and Super Micro Computer Inc. (NASDAQ:SMCI) also posted gains.


US Imposes Fresh Iran Oil Sanctions Despite Progress on Ceasefire Talks
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty
Dow Hits Record High as Healthcare and Consumer Stocks Lead Wall Street Rally
Oil Prices Set for Sharp Weekly Losses as U.S.-Iran Ceasefire Hopes Ease Supply Concerns
European Stocks Rise as AI Optimism Offsets U.S.-Iran Tensions
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market
Nikkei Hits Record High as AI Chip Stocks Power Japan Market Rally
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge
U.S. Sanctions Iran’s Strait of Hormuz Authority as Global Oil Markets Face Turmoil
Canada and Germany Advance Major LNG Supply Partnership
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 



