US stock futures advanced as Wall Street readied for the February jobs report amid market uncertainty caused by President Donald Trump’s volatile trade policy.
Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.1%. Futures attached to the benchmark S&P 500 (ES=F) climbed 0.2%, and futures attached to the tech-heavy Nasdaq Composite (NQ=F) jumped 0.3%.
As of 8:42:07 PM EST. Market Open.
YM=F ES=F NQ=F
Trump said he would pause tariffs on some goods from Mexico and Canada on Thursday, but the news didn’t stop stocks from tanking to sessions lows. Canada said it would delay a second wave of retaliatory tariffs in response, while Mexico has yet to reveal its reaction to the levies.
Read more: Trump pauses tariffs on most imports from Mexico, Canada
Aside from tariff turmoil, Wall Street has been racked with anxiety about faltering AI demand since Marvell (MRVL) issued a downbeat forecast that caused its stock to dive and dragged shares of other chipmakers, including Nvidia (NVDA), down with it.
After the bell, traders got better news on the AI market. Broadcom (AVGO) earnings featured a strong second-quarter forecast and its shares soared. Nvidia and Marvell stabilized in after-hours trading.
February’s job report will bring the week to a crescendo on Friday. The data comes at a fragile moment for markets, but economists largely agree that it won’t confirm fears of slowing economic growth. The report is expected to show hiring picked up, while the employment rate held steady.
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2025-03-07 00:40:23
