Stock Market Update
05-Mar-25 14:55 ET
News of postponed auto tariffs helps afternoon rally
Dow +564.62
at 43085.30,
Nasdaq +282.56
at 18567.72,
S&P +74.25
at 5852.40
[BRIEFING.COM] The major indices are moving sideways near session highs after another leg higher a short time ago.
The most recent upside move coincided with White House Press Secretary Karoline Leavitt saying President Trump will give a one month exemption for auto tariffs going through USMCA.
The improvement has also likely been helped by short-covering activity after recent losses. Just about everything is participating in the ride higher, leading the equal-weighted S&P 500 to trade 1.1% above its prior close. Nine of the 11 S&P 500 sectors are higher and seven of them show gains greater than 1.0%.
