03/03/2025 Evening Reports
Stocks and Crypto Kick Off a Volatile Week: What Are Investors Watching?
- Markets Rebound Amid Tariff Uncertainty
Dow, S&P 500, and Nasdaq futures rise as traders weigh Trump’s tariff deadlines on China, Canada, and Mexico.
- Big Week for the Economy and Retail
February jobs report due Friday, with unemployment expected to remain at 4 percent.
Target and Costco earnings in focus after January consumer spending saw its biggest drop in four years.
- Trump’s Strategic Crypto Reserve
Bitcoin nears 94,000 dollars after Trump confirms Bitcoin, Ethereum, XRP, Solana, and Cardano will be part of a US cryptocurrency stockpile.
- Tech Stocks in the Spotlight
Nvidia and Broadcom are testing Intel’s new AI chip manufacturing process. Intel shares jump 5 percent in pre-market trading.
- Defense Stocks Surge in Europe
Military spending bets push European defense stocks higher, with BAE Systems, Rheinmetall, and Thales seeing double-digit gains.
- Oil Prices Hold Steady Amid Geopolitical Risks
Brent crude trades at 73 dollars as traders monitor Ukraine tensions and Trump’s tariff decisions.
- What’s Next?
While markets show resilience despite uncertainties, upcoming economic data and political developments will likely dictate short-term sentiment.
The crypto market’s response to Trump’s reserve announcement highlights growing institutional recognition, while defense and tech sectors continue to benefit from global shifts.
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Defense Boost Lifts Markets Amid Tariff Uncertainty Ahead of Trump’s Trade Moves
- US equity futures edged higher on Wall Street as investors capitalized on a bruising week, while European stocks and the euro surged on expectations of robust defense spending.
- In premarket trading, S&P 500 and Nasdaq 100 futures gained 0.4% and 0.7% respectively, with Tesla rebounding after its steep monthly decline.
- Although some indicators suggest US stocks may be oversold, caution remains high amid lingering fears—exacerbated by President Trump’s recent tariff threats.
- Trump’s latest comments, including plans for potential 25% tariffs on Canada and Mexico and a 10% levy on Chinese imports, have injected uncertainty into global trade, even as investors hold out hope for a last-minute delay.
- Meanwhile, Bitcoin trimmed some gains following Trump’s remarks on establishing a strategic reserve, and European defense and automaker shares surged, pushing key indices to record levels.
- In China, anticipation builds for new stimulus measures as the National People’s Congress approaches, which could help counterbalance the adverse effects of trade restrictions.
