US stock futures held steady after a volatile day of trading ended in a rally, driven by President Donald Trump’s one-month pause on tariffs targeting automakers.
Futures attached to the Dow Jones Industrial Average (YM=F) slid 0.1% and the benchmark S&P 500 (ES=F) slipped 0.2%. Futures attached to the tech-heavy Nasdaq (NQ=F) slumped 0.3%.
CBOT – Delayed Quote USD
As of 1:13:08 AM EST. Market Open.
YM=F ES=F NQ=F
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.
Read more: Trump pauses auto tariffs after speaking with Canada’s Trudeau, Big 3 CEOs
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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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.
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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:
