Stock Market Update: Dow, S&P 500, and Nasdaq Futures Mixed Amid Tariff Uncertainty

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!
S

Samiat

Member
Nov 12, 2024
342
4
18
Stock Market Update: Dow, S&P 500, and Nasdaq Futures Mixed Amid Tariff Uncertainty

U.S. stock futures fluctuated overnight as investors awaited President Donald Trump’s tariff decisions on key trading partners.

  • S&P 500 futures dipped 0.1%, while Nasdaq futures gained 0.1%. Dow futures also wavered by 0.1%.
  • The market remains volatile, particularly in the tech-heavy Nasdaq and S&P 500, following a challenging February.
Trump’s tariffs on Canada and Mexico are set to take effect Tuesday, with no indication of another delay. The specific duty rates remain unclear, as Commerce Secretary Howard Lutnick described the situation as "fluid."

Meanwhile, cryptocurrency markets surged after Trump announced the inclusion of select digital assets in a U.S. strategic reserve.

Key Earnings & Economic Data:

  • Major companies reporting this week include Target (TGT), Macy’s (M), Costco (COST), Broadcom (AVGO), and Nvidia (NVDA) following its recent post-earnings decline.
  • The February jobs report, due Friday, is expected to show modest job growth, with unemployment steady at 4%.
  • Last week’s data showed consumer spending fell 0.2%, raising fresh concerns about economic stability.
Markets remain on edge as investors monitor tariff impacts, AI-driven stock volatility, and upcoming economic indicators.
 
You must log in or register to reply here.
Top Bottom