US stock futures plummeted on Sunday as investors braced for the implementation of President Trump’s tariffs, which could be the largest yet. The Dow Jones Industrial Average (YM=F) futures fell by 160 points, or 0.4%, while S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) dropped by 0.6% and 1.2%, respectively.
The market is set to continue its losing streak in March, with last week’s decline mirroring the previous five weeks’ trend. The S&P 500 fell 1.5%, the Dow declined by 1%, and the Nasdaq Composite plummeted 2.5%. The recent reading on core PCE, a measure of inflation, also contributed to Friday’s sharp decline.
Tariffs remain a major concern for investors, with Trump set to impose new duties on foreign-made cars and potentially more countries. While investors wait for clarity on which nations will be affected, uncertainty weighs heavily on market sentiment.
In addition to tariffs, the labor market will draw attention this week, with key economic releases including the March jobs report. Investors will also focus on private payrolls and job openings data, as well as updates on the services and manufacturing sectors.
The earnings calendar is relatively quiet this week, with limited notable releases. Meanwhile, gold prices have surged to a record high of $3,106.50 per ounce, driven by tariff worries and geopolitical tensions.
Source: https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-fall-as-trump-readies-liberation-day-tariffs-234931192.html