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    Dow, S&P 500, Nasdaq futures rise after Lutnick hints at possible tariff relief

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    US stock futures climbed on Wednesday after Commerce Secretary Howard Lutnick hinted that President Donald Trump may provide a pathway to tariff relief for Canada and Mexico as soon as Wednesday.

    S&P 500 futures (ES=F) rose roughly 0.5%. Futures attached to the Dow Jones Industrial Average (YM=F) advanced 0.4%. And futures attached to the tech-heavy Nasdaq 100 (NQ=F) added 0.6%

    CME – Delayed Quote USD

    As of 4:52:53 AM EST. Market Open.

    ES=F NQ=F ^DJI

    Lutnick’s comments on Fox Business Network raised investor hopes that the president might reconsider broad tariffs on America’s top trading partners following the stock market’s volatile reaction to the new duties on Tuesday.

    Traders received fresh signals on Trump’s next moves in the trade war and beyond after he addressed Congress Tuesday night. The President acknowledged the current state of economic discomfort by saying, “There’ll be a little disturbance, but we’re OK with that. It won’t be much.”

    The S&P 500 eliminated its post-election gains and the Dow Jones Industrial Average shed more than 650 points after Trump imposed 25% tariffs on Canada and Mexico and doubled duties on China.

    The affected countries pledged to hit back hard. Canada passed tariffs on billions of US products, and China slapped US farm goods with up to 15% new duties starting Monday. Mexico said it would reveal its own retaliatory tariffs later this week.

    On Wednesday, the ADP National Employment Report will offer insight into private payroll growth, and Abercrombie & Fitch (ANF) is set to report earnings.

    LIVE 4 updates

    • Gold pulls back from record high as trade war fuels demand for haven assets

      Gold (GC=F) has reversed its upward trajectory after gaining over 2% in the past two sessions and approaching its record high. This comes as volatility from President Donald Trump’s tariff actions sparks increased demand for safe-haven assets.

      Bloomberg reports:

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    • Trump preps markets for ‘a little disturbance’ in first address to Congress

      President Donald Trump doubled down on ambitious tariff plans in an address to Congress on Tuesday night. In a wide-ranging speech, Trump referenced the current state of economic insecurity, proclaiming, “There’ll be a little disturbance, but we’re OK with that. It won’t be much.”

      President Trump touched on tariffs, taxes, Ukraine and the CHIPS act during his address to a joint session of Congress, with Wall Street hoping for relief after two days of stock losses led the S&P 500 to it’s lowest close since the election.

      Yahoo Finance’s Ben Werschkul reports:

      Read more here.

    • Chinese stocks climb as growth target sparks optimism for stimulus measures

      Chinese stocks rose Wednesday as the country’s top leaders kicked off annual parliamentary meetings. They revealed key economic targets, fueling expectations for additional stimulus measures.

      Bloomberg reports:

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    • Oil falls as tariffs lower trust, OPEC+ raise crude production

      Oil prices dropped for a third consecutive session on Wednesday as key producers plan to increase output in April, coupled with concerns that US tariffs on Canada, Mexico, and China could slow economic growth and fuel demand, dampening investor sentiment.

      Reuters reports:

      Read more here.



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