Daily Comment

Stock futures cratered Thursday after President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy. Futures tied to the Dow Jones Industrial Average lost 1,200 points, or 2.8%, and were near their lowest levels of the session before the official market open. S&P 500 futures dropped 3.4% with the benchmark on pace for its biggest one-day loss since 2022. Nasdaq-100 futures lost about 4% as investors dumped risky growth shares.

Stock futures slipped Wednesday as Wall Street braced for the expected rollout of President Donald Trump’s tariffs. Futures tied to the S&P 500 lost 1%, while Nasdaq-100 futures fell 1.3%. Futures tied to the Dow Jones Industrial Average were down 346 points, or 0.8%.

U.S. stock futures fell Tuesday, as the market awaited clarity from President Donald Trump regarding his tariff policy rollout. Tuesday also marks the beginning of the second-quarter after a bumpy first quarter. Futures tied to the Dow Jones Industrial Average slid 232 points, or 0.5%. S&P 500 futures were down 0.4%, alongside Nasdaq-100 futures.

U.S. stock futures fell Monday as traders looked ahead to “Liberation Day” for clarity on President Donald Trump’s tariff plans. Futures tied to the Dow Jones Industrial Average dropped 292 points, or 0.6%. S&P 500 futures and Nasdaq-100 futures dipped 0.9% and 1.3%, respectively.

U.S. stock futures edged lower on Friday as investors grappled with ongoing tariff uncertainty and digested the release of a key inflation measure. Dow Jones Industrial Average futures slipped 31 points, or 0.07%. S&P 500 futures dipped 0.1%, and Nasdaq 100 futures traded 0.2% lower.

Stock futures were little changed Thursday morning as investors weighed the latest tariff-related news from President Donald Trump, including his new tariffs aimed at foreign automakers. Futures tied to the Dow Jones Industrial Average rose 8 points, hovering just above flat. S&P 500 futures shed nearly 0.2%, while Nasdaq-100 futures dropped about 0.3%.

U.S. stock futures were little changed early Wednesday after the S&P 500 posted a marginal gain, marking its third positive session in a row. Futures tied to the Dow Jones Industrial Average added just 7 points. S&P 500 futures and Nasdaq 100 futures each slipped about 0.1%.

U.S. stock futures edged slightly higher Tuesday after the major averages climbed on rising hopes that President Donald Trump will curtail his initial plans for broad-ranging tariffs. Investors also awaited consumer confidence figures that could sway the market later in the session. Futures tied to the S&P 500 and Nasdaq-100 futures each added about 0.2%. Dow Jones Industrial Average futures added 81 points, or 0.2%.

Stock futures jumped early Monday on reports President Donald Trump was planning on holding back some of the tariffs initially planned for April 2, raising hopes the U.S. won't plunge the globe into an all-out trade war. Futures tied to the Dow Jones Industrial Average advanced 411 points, or 1%, with gains increasing steadily as the NYSE open approached. S&P 500 futures added 1.2%, while Nasdaq 100 futures were 1.6% higher.

U.S. stock futures fell Friday morning as the S&P 500 tries to snap a 4-week losing streak caused by trade policy turmoil, recession fears and a rollover in megacap technology shares. Futures tied to the S&P 500 were down by 0.2%. Dow Jones Industrial Average futures lost 111 points, or about 0.3%. Nasdaq 100 futures slipped 0.3%.

Stock futures fell Thursday, one day after the major averages rallied in response to the Federal Reserve sticking to an outlook for two interest rate cuts in 2025. Futures tied to the Dow Jones Industrial Average dipped 225 points, or 0.5%. S&P 500 futures were down 0.6%, while Nasdaq 100 futures slipped 0.7%.

S&P 500 futures rose Wednesday as the Federal Reserve’s interest rate decision looms. Futures tied to the S&P 500 gained 0.2%, and Nasdaq-100 futures advanced 0.3%. Futures tied to the Dow Jones Industrial Average climbed 31 points, or about 0.1%.