Wall Street ends higher as markets eye easing of trade tensions

Wall Street ends higher as markets eye easing of trade tensions

By Johann M Cherian, Sukriti Gupta and Chibuike Oguh

Wed March 5, 2025 4:40 PM

It was the opposite trend from Monday. Today all three indexes were straddling break-even, then suddenly went through the roof right around noon, which is likely when Trump announced the delay on car tariffs for another month. This market was just looking for a hint of good news, any kind of good news, about easing tariffs to jump right back on the “buy” bandwagon, both tech and industrials zooming to big middle 3-digit gains.  

Despite all the mixed economic data showing a slowing economy and inflation and consumer spending threats, lately all this has gone on the backburner with tariffs the main headline. Carmaker stocks rose from 3 to 7%. With panic selling on hold for today at least, volume was back in line with the 16 billion average, coming in at 15.5 billion. 

DJ: 42,520.99  -670.25       NAS: 18,285.16  -65.03       S&P: 5,778.15  -71.57         3/4

DJ: 43,006.59  +485.60      NAS: 18,552.73  +267.57     S&P: 5,842.63  +64.48        3/5

Wed 3-5-25 4:40 pm Wall Street ends higher as markets eye easing of trade tensions | Reuters