U.S. stock futures advanced Tuesday evening after two consecutive days of losses across major indices. Dow Jones Industrial Average futures rose by 206 points, or 0.5%, while S&P 500 and Nasdaq 100 futures each gained approximately 0.6%. Earlier, the Dow plummeted 670.25 points, or 1.55%, during Tuesday’s session, with the S&P 500 and Nasdaq Composite also posting significant declines.
The downturn followed President Donald Trump’s implementation of 25% tariffs on Canada and Mexico, prompting retaliatory measures from those nations and China. However, Commerce Secretary Howard Lutnick hinted at a potential compromise during a Fox Business appearance, suggesting the U.S. might negotiate a middle ground with Canada and Mexico.
Market analysts warn that escalating trade tensions could weigh on economic growth, though uncertainties remain regarding long-term impacts. Upcoming economic data, including the ADP private payrolls report and the purchasing managers’ index, may provide further insights into the economy’s current state.
— news from CNBC