IMCV - Dow Jones Holds Support: Tariffs, Data And U.S. Auto Tariff Exemption (Technical Analysis)
2025-03-05 19:20:00 ET
Summary
- US stock markets (Dow Jones, S&P 500) are experiencing volatility due to Trump administration tariffs.
- A one-month tariff exemption for US automakers has temporarily eased market pressure, but the long-term sustainability of this is uncertain.
- US economic data is mixed, with a services PMI showing growth but rising input costs.
- Technically, the Dow Jones is in a bearish trend but holding key support levels.
By Zain Vawda
Wall Street Indexes remain under pressure today but have held above the lows we saw on Tuesday as the Trump administration tariffs came into force. The announcement of tariffs on Mexico, Canada and China was met with retaliatory tariffs by Canada and China, with Mexico expected to announce tariffs on Sunday....
Dow Jones Holds Support: Tariffs, Data And U.S. Auto Tariff Exemption (Technical Analysis)