U.S. stock futures fell on Monday, signaling a potential return to losses as concerns about the ongoing trade war intensified ahead of President Trump’s upcoming tariff announcement later this week.
Stock Futures Decline
Futures for the tech-heavy Nasdaq 100 (NQ=F) led the decline, dropping 1.1%. S&P 500 futures (ES=F) sank about 0.8%, and Dow Jones Industrial Average futures (YM=F) slid roughly 0.5%, or 200 points.
These losses come as the markets are poised to close March on a sour note, following a tough month and quarter marked by Trump’s rapidly changing tariff policy. Last week, both the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) ended in the red for the fifth time in six weeks.
Growing Concerns Over Trade War
Stocks have struggled recently amid rising worries about the economic consequences of Trump’s trade actions. Investors are now preparing for the broadest set of tariffs yet, which Trump is expected to announce on April 2 — a date he has dubbed “Liberation Day.”
Trump has stated that he plans to target “all countries” with reciprocal tariffs, dampening expectations for a more limited tariff scope. According to The Washington Post, Trump has been pushing his advisers to impose even more aggressive tariffs.
Market Watch for Economic Impact
Amid these tariff risks, markets are also watching for signs of economic strain. Stocks took a hit following a hotter-than-expected reading on the “core” PCE, the Federal Reserve’s preferred inflation gauge. This has added to concerns over rising prices and economic stability.
Looking ahead, investors are focused on key economic data this week. The March jobs report, due Friday, will be a major focus, along with updates on private payrolls and job openings, which could provide further insight into the health of the economy.
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