US stock futures dip as Trump threatens tariffs against BRICS countries, focus on rate cues.

From Investing.com: 2024-12-01 19:28:43

U.S. stock index futures dipped on Sunday as Trump warned of “100% tariffs” against BRICS countries like China. Investors await interest rate cues this week after Wall Street hit record highs. Futures for the S&P 500, Dow, and Nasdaq all fell by 0.1%.

Trump’s threat of steep tariffs against BRICS countries raised fears of a trade war, especially with China. He criticized the bloc’s currency efforts and called for commitments to the U.S. dollar. This comes after previous tariff threats against China, Mexico, and Canada.

Wall Street hit record highs last week on strong economic signs and rate cut bets. The S&P 500, Dow, and Nasdaq all rose, with tech stocks rebounding. Focus this week is on Fed officials’ comments and November labor data ahead of the Fed’s December meeting. Expectations are for a rate cut, but at a slower pace in 2020.



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