Live Updates: S&P 500 Futures Hold Steady Amid Strong Market Comeback Driven by Tariff Concession Hopes

Traders were hard at work on the floor of the New York Stock Exchange on the morning of March 4, 2025. Their focus was on the latest movements in the stock market, especially as futures for the S&P 500 remained steady amid fluctuating conditions.

After a rocky start to the week, major U.S. stock indexes bounced back on Wednesday. Traders felt more optimistic following news from the White House. Officials announced a one-month delay on tariffs for automakers meeting the terms of the United States-Mexico-Canada Agreement. This announcement raised hopes that President Trump might offer more exemptions in the future.

On that day, the Dow Jones Industrial Average rose by 485.6 points or 1.14%. The S&P 500 increased by 1.12%, while the Nasdaq Composite saw a boost of 1.46%. Despite these gains, all three indexes were still down more than 1% for the week.

Earlier in the week, Trump had implemented new tariffs on goods from Mexico, Canada, and China. This move triggered retaliatory actions from these countries, which added to the market’s uncertainty.

Mark Hackett, chief market strategist at Nationwide, shared insights on the current market mood. He noted that the market is experiencing pressure from several areas, including weaknesses in small-cap stocks and growth sectors. He described the market challenges as a “three-headed monster” of growth issues, inflation, and political uncertainty.

As traders look ahead, they are particularly focused on upcoming economic indicators. Jobless claims data is set to be released on Thursday, while the payroll report for February will follow on Friday—both of which could impact market behavior.

Additionally, a number of companies are scheduled to report their quarterly results on Thursday. Notable names include Macy’s, Broadcom, Costco Wholesale, and Hewlett Packard Enterprise. The responses to their earnings could sway market sentiment even further.

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