Stocks rise on potential tariff relief, automakers surge, chip stocks slide.

From Nasdaq: 2025-03-05 15:26:46

Stock indexes are up today as S&P 500, Dow Jones, and Nasdaq are all in positive territory. E-mini S&P and Nasdaq futures are also higher. Volatility persists amid US tariff uncertainty, with chip stocks rebounding but energy stocks falling due to a drop in WTI crude oil prices.

US equity markets received a boost from potential tariff relief, but concerns remain as President Trump plans reciprocal tariffs. US labor market slowdown reflected in Feb ADP employment numbers. Jan factory orders and Feb ISM services index showed positive economic news. Market eyes Feb payroll report on Friday.

Interest rates fluctuate with T-notes under pressure from German bund selloff and stronger US economic data. European bond yields rise. Eurozone Jan PPI exceeds expectations. German Chancellor plans to amend constitution for defense spending. Swaps predict ECB rate cut. Overseas stock markets rally.

Chip stocks slide after Trump ends Chips Act subsidy program. Energy producers struggle as crude oil prices hit 5-3/4 month low. Copper mining stocks surge due to tariff news. Automakers rise on potential tariff relief. Individual stock movers include Brown-Forman, PDD Holdings, Moderna, Carrier Global, and Albertsons Cos.

Losers in US stock market include Crowdstrike, AeroVironment, Campbell’s Company, Box Inc, and AppLovin. T-Mobile US downgraded by HSBC. Earnings reports for Brown-Forman, Marvell Technology, MongoDB, Campbell’s, Thor Industries, Veeva Systems, and Zscaler. Market outlook remains cautious amid ongoing trade and economic uncertainties.



Read more at Nasdaq: Stocks Edge Higher as Automakers Surge on Tariff Relief