On March 3, 2025, traders were busy on the floor of the New York Stock Exchange (NYSE) as the markets experienced some ups and downs.
As of Thursday evening, stock futures were looking more positive. Investors seemed to brush aside concerns about U.S. trade policies. They were also bracing for an important jobs report set to release on Friday morning.
The Dow Jones Industrial Average futures rose by 96 points, around 0.2%. Meanwhile, S&P 500 futures gained nearly 0.4%, and Nasdaq 100 futures climbed 0.5%.
Earlier, stocks had a rough day. The major indices struggled as recent changes in President Trump’s tariff policies did little to soothe investors. The Dow took a hit, dropping over 400 points. The Nasdaq Composite fell significantly, finishing with a loss of more than 10% from its peak, putting it into correction territory.
Stock prices have been volatile in response to tariff concerns, making traders jittery about future U.S. growth. Despite Trump announcing that some goods from Canada and Mexico covered by the new USMCA trade deal would be exempt from tariffs until April 2, it didn’t spark a recovery like the one seen earlier in the week.
Jamie Cox, a managing partner at Harris Financial Group, noted, “Markets are all over the place trying to price tariff impacts, which is really hard when things keep changing rapidly.”
This downturn is shaping up to be the worst week for the major indices since September 2024. The S&P 500 has dropped 3.6% this week, while the Dow is down 2.9%. The Nasdaq has fared even worse, down 4.1% at this point.
Looking ahead, investors are keenly interested in February’s nonfarm payrolls report. It is expected to shed light on the economy’s health, with economists predicting that about 170,000 jobs were added. They also anticipate the unemployment rate will hold steady at 4%.
Check out this related article: E.C.B. Slashes Interest Rates: What It Means for Your Finances and the Economic Future
Source linkBreaking News: Markets,Stock markets,Markets,United States,Dow Jones Fut (Mar'23),S&P 500 Fut (Mar'23),NASDAQ 100 Fut (Mar'23),Donald J. Trump,Dow Jones Industrial Average,NASDAQ Composite,S&P 500 Index,business news
