U.S. stocks set to open lower, trade uncertainty continues, record trade deficit in March

From Nasdaq: 2025-05-06 08:51:00

Stocks are set to open lower after a nine-day winning streak, with S&P 500 futures down by 0.9%. Trade uncertainty continues to impact markets, despite Treasury Secretary Scott Bessent hinting at potential deals. President Trump’s meeting with Canadian PM Carney aims to address trade disputes. The U.S. trade deficit spiked to a record high of $140.5 billion in March, with imports rising 4.4% and exports up 0.2%. Global markets are mixed, with China’s Shanghai Composite up 1.1% and India’s Nifty 50 down 0.3%. Crude oil futures rise to $58.67 a barrel, while gold surges to $3,384.60 an ounce.



Read more at Nasdaq: U.S. Stocks May Extend Pullback Amid Ongoing Trade Uncertainty