The trader works on the floor of the New York Stock Exchange in New York City, USA on March 28, 2025.
Gina Moon | Reuters
US stock futures fell on Monday as traders looked at the “liberation day” first to clarify President Donald Trump’s tariff plans.
Futures linked to the Dow Jones Industrial Average It dropped 248 points, or 0.6%. S&P 500 Futures and Nasdaq-100 Futures We soaked 0.9% and 1.3%, respectively.
Numerous tariffs previously announced by the Trump administration will come into effect Wednesday – Trump calls the “liberation day.” The president is also expected to announce a plan for mutual obligations targeting countries that impose tariffs on US imports.
The uncertainty surrounding tariffs weighed stocks and fell on Friday to close the final full trading week of March. Trump did little to alleviate his fears over the weekend. The Wall Street Journal reported on Sunday that the president pushed his advisors to make them more aggressive when it comes to tariffs. In an interview with NBC News on Saturday, Trump said he “can’t care much” if foreign automakers raise prices due to these new tariffs.
Auto stocks were low on Monday. Ford Motor and General Motors It fell by about 1% before the market Stellantis It flows almost 3%.
Additionally, Trump said taxation would target all countries, not small groups with trade imbalances with the US.
“The risk of tariffs is well telegraphed and largely priced at the corner of the market. Therefore, the release date may not be a complete shock. But no one wins from the trade war. “The negotiations are likely likely to begin on or after April 2, resulting in longer uncertainties about the final range, level and timing of tariffs.”
Monday is the last day of Wall Street’s turbulent month and quarter. The S&P 500 went into the revised territory in March after recording records in February. By the end of Friday it was 9.2% below its all-time high.
The S&P 500 has been the largest slide pace of the month since it fell 9.3% since September 2022, falling by more than 6% that month. The NASDAQ lost 8% in March, while the Dow fell 5.2%.
The S&P 500 for the quarter fell 5.1%. It puts it at pace and snaps a five-quarter winning streak. NASDAQ lost 10.3% this quarter. This marked the largest pullback in the quarter since 22.4% fell sharply in the second quarter of 2022.
Investors are also looking forward to this week’s massive amount of economic data, particularly the March Jobs Report, which will be released at 8:30am on Friday, April 4th.
