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) remained flat and the benchmark S&P 500 (ES=F) slipped 0.1%. Futures attached to the tech-heavy Nasdaq (NQ=F) fluttered 0.2%.
As of 12:05:02 AM EST. Market Open.
YM=F ES=F NQ=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.
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