Stock index futures rose Sunday evening as dip buyers stepped in following President Donald Trump’s announcement of new tariffs on steel and aluminum imports. However, gains remained limited as investors braced for key inflation data later this week.
\ud83d\udcc8 S&P 500 Futures: +0.3% (6,064.25 points)
\ud83d\udcc8 Nasdaq 100 Futures: +0.4% (21,668.25 points)
\ud83d\udcc8 Dow Jones Futures: +0.1% (44,481.0 points)
After an initial drop following Trump’s tariff comments, markets pared losses on speculation that tariffs could be a negotiation strategy rather than a strict policy shift.
\ud83d\udccc 25% tariffs on all steel and aluminum imports to be announced Monday.
\ud83d\udccc In addition to existing steel and aluminum duties from Trump’s first term, which Biden had scaled down but retained.
\ud83d\udccc Canada, Brazil, and Mexico to be hit hardest, given their dominance in U.S. steel and aluminum exports.
China trade tensions escalate as Trump’s 10% tariffs on Chinese goods took effect just days ago.
Markets now turn to key inflation data due this week, which could influence the Federal Reserve’s rate outlook. Higher inflation could reinforce a hawkish stance, adding volatility to equities.
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\ud83d\udccc Economics Calendar API
\ud83d\udccc Commodities API
