The trader works on the New York Stock Exchange floor during a morning trading in New York City on April 1, 2025.
Michael M. Santiago | Getty Images
On Tuesday evening, stock futures rose high as Wall Street equipment due to the expected development of President Donald Trump’s tariffs on Wednesday.
Futures tied to the S&P 500with Nasdaq-100 Futures0.2% altitude. Futures linked to the Dow Jones Industrial Average He also scored 68 points, or about 0.2%
The move precedes the implementation of Trump’s “mutual tariff” rafts “starting in all countries.” The White House said Tuesday that tariffs will “activate soon.”
Treasury Secretary Scott Bescent told lawmakers Tuesday that Wednesday’s tariffs will essentially serve as a “cap” and that the tariffs announced will be the highest set, Rep. Kevin Heln (R-OK) told CNBC’s Emily Wilkins. This gives the state an opportunity to take steps to lower the tariffs.
The Trump administration is also considering imposing a tariff of about 20% on most imports coming into the country, according to the Washington Post, which cited three sources familiar with the issue. However, the report said the advisors warned that some options were still on the table.
During the Tuesday session, S&P 500 It closes about 0.4% higher and watches between profits and losses throughout the chaotic trading day. Nasdaq Composite Also, it ended up about 0.9% higher, Dow Jones Industrial Average Closed slightly low.
Uncertainty about Trump’s tariffs has spurred recent market volatility, and stocks are under pressure as broad market indexes have declined over the last five weeks. However, some investors believe that the sale is overdone.
“I think we’re way too expensive for the shortcomings here,” said Jeff Kilburg, founder and CEO of KKM Financial, on Tuesday. “I think the market has the ability to have a little 2% to 4% meeting to really keep everyone’s anxiety down.”
In addition to the tariffs, traders are looking forward to the March ADP employment report scheduled for release on Wednesday morning. The economist, voted by Dow Jones, expects that private companies added 120,000 jobs last month from the 77,000 jobs added in February.
The Bureau of Labor Statistics reported Tuesday that job openings fell more than expected in February, with available positions falling to 7.57 million that month. This is just below the Dow Jones estimate of 7.6 million.
