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.


Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks
US Stock Futures Recover as Iran Signals Progress in Peace Talks
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 



