US stock futures rose slightly on Monday as investors awaited developments on President Donald Trump’s planned tariffs on key trading partners. Futures for the Dow Jones Industrial Average gained 58 points, or 0.1%, while S&P 500 and Nasdaq-100 futures ticked up 0.3% and 0.4%, respectively.
Commerce Secretary Howard Lutnick said Sunday that the exact tariff rate for Mexico and Canada is still “fluid” and could be lower than initially proposed. Treasury Secretary Scott Bessent reported that Mexico has offered to match US tariffs on China, potentially easing concerns about trade tensions.
Legendary investor Warren Buffett warned that punitive duties could trigger inflation and hurt consumers. The uncertainty around Trump’s trade policy contributed to market volatility last month, with all three major averages posting negative returns.
However, cryptocurrencies rallied after President Trump announced the creation of a strategic crypto reserve for the US, including bitcoin and ether. Bitcoin jumped 10% to nearly $94,000, while other cryptocurrencies also saw significant gains.
The week ahead will see the release of the February jobs report on Friday, which is expected to show fewer jobs created. Additionally, first-quarter earnings estimates have fallen more than usual, with analysts cutting their predictions by over 3.5%.
Source: https://www.cnbc.com/2025/03/02/stock-futures-rise-slightly-in-overnight-trading-as-investors-await-tariff-news-live-updates.html