'Lutnick suggests possible compromise on Trump tariffs'

U.S. stock futures rose Tuesday night after all three major averages suffered sharp losses for a second session.

Futures tied to the Dow Jones Industrial Average rose 273 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures added 0.7% and 0.8%, respectively.

The blue-chip Dow tumbled 670.25 points, or 1.55%, to end Tuesday’s regular trading session. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The tech-heavy Nasdaq had dipped more than 2% at its lowest point and came within striking distance of correction territory, a term that refers to an index falling 10% from a recent peak.

U.S. stocks slid for their second day in a row after President Donald Trump’s new 25% tariffs on Canada and Mexico officially took effect on Tuesday. In response, Canada, Mexico and China — with China hit by an additional 10% duty — have prepared retaliatory measures.

However, Commerce Secretary Howard Lutnick said on “Fox Business” on Tuesday afternoon that the U.S. might meet Canada and Mexico somewhere “in the middle” to “work something out” on tariffs.


https://www.cnbc.com/2025/03/04/stock-market-today-live-updates.html