Trump prepares to announce new tariffs, causing US stock futures to drop

From Yahoo Finance: 2025-03-30 19:49:00

US stock futures dropped on Sunday ahead of President Trump’s tariffs, including a “Liberation Day” announcement. Dow futures fell 0.4%, S&P 500 by 0.7%, and Nasdaq 100 by 1.1%. Last week’s market woes continued, with the S&P 500, Dow, and Nasdaq all posting losses.

Trump set to enact more tariffs this week, causing economic uncertainty. Reciprocal tariffs on US trading partners and a 25% levy on foreign-made cars are expected. Investors seek clarity on affected countries, but uncertainty weighs on market sentiment.

Investors await clarity on new tariffs as Trump hints at imposing even more levies. Labor market focus this week with March jobs report and data on private payrolls and job openings. Limited noteworthy earnings releases expected. Market coverage for Monday, March 31, 2025, to come soon.

Read more: Dow, S&P 500, Nasdaq futures fall as Trump readies ‘Liberation Day’ tariffs