Stock market today: Dow, S&P 500, Nasdaq futures drift higher as investor weigh promised auto tariff relief

1 month ago 11

Updated Tue, Apr 29, 2025, 2:05 AM 1 min read

In This Article:

US banal futures drifted higher connected Tuesday aft the Trump medication said it volition soften immoderate car tariffs and arsenic Wall Street geared up for a question of net reports and economical data.

S&P 500 futures (ES=F) roseate 0.3%, portion those connected the the tech-heavy Nasdaq 100 (NQ=F) added rouhgly 0.4%. Dow Jones Industrial Average futures (YM=F) enactment connected 0.2%.

The Trump medication volition enactment connected Tuesday to easiness the interaction of its car tariffs by efficaciously making definite US carmakers already paying tariffs aren't charged different levies specified arsenic connected steel, reports said.

CBOT - Delayed Quote USD

As of 5:01:13 AM EDT. Market Open.

YM=F ES=F NQ=F

President Trump's upbeat code connected commercialized negotiations, peculiarly with China, and softened stance toward the Federal Reserve helped assistance markets connected Monday, which saw stocks closed mixed.

Read more: The latest connected Trump's tariffs

Trump's tariffs and whether companies are exposed oregon sheltered from their interaction volition stay apical of caput for investors arsenic captious net reports rotation retired this week.

On Tuesday, General Motors (GM) and Spotify (SPOT) are among the intimately watched companies reporting earlier the bell, whereas Starbucks (SBUX) volition merchandise its results aft the marketplace closes.

Investors volition besides person caller information connected jobs openings, the US commercialized deficit, and user assurance connected Tuesday.

Wall Street won't get a interruption arsenic the week unfolds, with tech heavyweights Meta (META), Microsoft (MSFT), Amazon (AMZN), and Apple (AAPL) acceptable to study quarterly results connected Wednesday and Thursday. New readings connected inflation, GDP, and the labour marketplace are expected aboriginal this week too.

LIVE 2 updates

Gold slides aft White House offers car tariff alleviation

Hopes for a reprieve successful President Trump's commercialized warfare are dragging golden (GC=F) prices little aboriginal connected Tuesday arsenic the unreserved to structure eases.

Gold futures fell astir 0.7% aft Commerce Secretary Howard Lutnick confirmed that immoderate imported autos volition beryllium spared abstracted tariffs connected alloy and aluminum, if they already wage different duties. Some levies connected overseas parts utilized successful US assembly of cars and trucks volition besides beryllium reduced.

“Although negotiations whitethorn advancement slowly, the White House’s renewed willingness to prosecute has shifted marketplace sentiment from panic selling to cautious optimism, putting immoderate downward unit connected gold,” Pepperstone Group probe strategist Dilin Wu said successful a note, per Bloomberg.
Oil sinks arsenic planetary economical outlook shrinks demand

Crude lipid slipped Monday evening arsenic the ongoing commercialized warfare betwixt the US and China weakens the outlook for request for the commodity.

Bloomberg reports:

Read much here.

Read Entire Article