US stock futures fell as President Trump’s deadline to impose reciprocal tariffs on US trading partners creeps closer.
Futures attached to the Dow Jones Industrial Average (YM=F) slid 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq Composite (NQ=F) slumped 0.2%.
As of 1:26:40 AM EDT. Market Open.
YM=F ES=F NQ=F
The week kicked off with stocks rebounding on Monday. However, the boost was a drop in the bucket as markets closed both the month and the quarter in the red amid Trump’s trade war.
Read more: The latest on Trump’s tariffs
Investors are bracing for Wednesday, April 2, the day that Trump plans to unveil reciprocal tariffs on all US trading partners at a Rose Garden event, dubbed “Liberation Day” by the president.
Trump’s vacillating comments on the nature and extent of upcoming tariffs has moved markets this month, with stocks jumping on hopes of limited duties and sinking on news of stiff levies.
Fueling the volatility is the growing fear that the US economy won’t be able to withstand broad levies amid souring sentiment, slowing economic growth, and stubborn inflation.
But, despite the market’s moves, the only thing that Trump’s comments have made clear ahead of the tariff reveal is that a dizzying amount of options remain on the table.
Some analysts say they are prepared to be surprised to the downside when it comes to new duties this week. Others, however, remain at least hopeful that the policy uncertainty that has stalked markets for most of the year could come to a close.
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