Pre-market futures drop due to Trump escalating trade war rhetoric, causing stock indices to fall.

From NASDAQ: 2025-05-23 10:30:00

Pre-market futures are down as President Trump escalates trade war rhetoric, causing uncertainty among investors. Stock market indices are falling, with the Dow down -1.3%, S&P 500 down -1.5%, Nasdaq down -1.9%, and Russell 2000 down -2.1%. Trump threatens Apple with +25% tariffs on overseas iPhones, leading to a -3.5% stock drop. Additionally, he proposes +50% tariffs on EU imports. Memorial Day weekend approaches, with upcoming economic data releases and NVIDIA earnings report. New Home Sales for April are expected to drop below +700K.

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Read more at NASDAQ: Pre-Markets Drop Hard on New Trump Tariff Talk