Dow, S&P 500, Nasdaq futures pull back from rally fueled by tariff hopes

On Mar 6, 2025

US stock futures sank on Thursday, pulling back from the previous day’s rally as investors weighed how far President Donald Trump is willing to negotiate on tariffs.

Dow Jones Industrial Average futures () fell 0.6%, while S&P 500 futures () dropped 0.7%. Contracts on the tech-heavy Nasdaq 100 () paced the declines, down about 1%.

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Stocks were retreating after a volatile day of trading ended in a rally, driven by President Donald Trump’s one-month pause on tariffs targeting automakers.

Trump revealed a one-month delay on tariffs affecting cars entering the US from Canada and Mexico after speaking with Canadian Prime Minister Justin Trudeau and the heads of General Motors (GM), Ford (F), and Stellantis (STLA). Shares of the Big Three automakers rose on the news and remained flat after the bell.

But the market’s relief from Trump’s trade policy may be short-lived as more uncertainty lies ahead. The broad 25% duties imposed on Canada and Mexico on Tuesday remain in effect with no resolution in sight and more levies are set to begin in April.

Retail giants have been steadily paring back 2025 guidance on tariff concerns, and Thursday will offer more insight into how the trade war could impact the industry. Macy’s (M) and Kroger (KR) will report earnings before the market opens, while Costco (COST) and Gap (GAP) will share their results after the bell.

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German bonds extend worst drop since 1990 as sell-off spreads worldwide

German bonds are selling off again as investors react to the country’s historic move to ramp up spending on defense as the US pulls its military support in Europe. The rout echoed through debt markets worldwide, pulling down prices.

Bloomberg reports:

Read more here.
Alibaba stock gains as new Chinese AI tools spur buying

Alibaba shares are rising in premarket, up almost 3%, following a surge for the stock in Asia as local tech names got a boost from the arrival of several new AI models.

The moves come after China-based DeepSeek sent ripples through Silicon Valley with its bombshell release of a potentially lower-cost AI chatbot rival to ChatGPT.

Bloomberg reports:

Read more here.
Trending tickers in after-hours trade on Wednesday

Marvell (MRVL)

Stocks in AI circuitry company Marvell Technology tumbled 15% after the bell on Wednesday. This is despite beating revenue and earnings expectations in all four of the previous quarters. The fall shows investors’ demand for ever-higher growth from AI businesses.

Zscaler (ZS)

Data cyber security company Zscaler saw a 5% jump in shares in after hours trade. The company surprised by trouncing revenue and earnings expectations by over 10%.

MongoDB (MDB)

MongoDB shares saw the ire of disappointed traders. Despite posting positive revenue and earnings the company failed to beat Wall Streets expectations. Shares in the cloud-based database specialist dived 16% post-market close.
Alibaba stock leaps on DeepSeek rival reveal

Alibaba Group Holding Ltd.’s (BABA) stock soared with the largest single-day jump in weeks after the company revealed a model that it claims provides DeepSeek-level performance while requiring far less data.

Bloomberg reports:

Read more here.

Dow, S&P 500, Nasdaq futures pull back from rally fueled by tariff hopes

German bonds extend worst drop since 1990 as sell-off spreads worldwide

Alibaba stock gains as new Chinese AI tools spur buying

Trending tickers in after-hours trade on Wednesday

Alibaba stock leaps on DeepSeek rival reveal

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