Search This Blog
money saving tips for canadians, best saving tips for canadians of all ages. MoneySavings and Canadian news, financial news
Featured
article
- Get link
- X
- Other Apps
Market Jitters: Wall Street Futures Decline Amid Trump’s Tariff Escalation
Wall Street futures dipped on Monday following President Donald Trump's announcement to double tariffs on imported steel and aluminum to 50% from 25%, effective Wednesday. The move has reignited concerns over trade volatility, particularly as Trump accused China of violating a prior agreement.
The tariff increase is expected to deepen the ongoing trade war, dampening investor sentiment. Dow E-minis fell 0.52%, S&P 500 E-minis dropped 0.57%, and Nasdaq 100 E-minis declined 0.73% in premarket trading. Meanwhile, U.S. steel companies saw a surge in stock prices, with Cleveland-Cliffs jumping 26.2%, Nucor rising 14.1%, and Steel Dynamics climbing 13.4%.
Market analysts warn that the uncertainty surrounding trade policies could persist, affecting global economic stability. Investors are now closely watching Federal Reserve Chair Jerome Powell’s remarks later in the day, as well as upcoming economic data releases, including the S&P Global U.S. manufacturing PMI and ISM Manufacturing index.
With heightened tariff tensions and fluctuating market conditions, traders remain cautious as they navigate the evolving economic landscape.
Popular Posts
Trump's Six Words: "I'm Going to Stop the Wars"
- Get link
- X
- Other Apps
Fiscal Challenges Ahead: U.S. Bonds Face Uncertainty Under Trump’s New Term
- Get link
- X
- Other Apps
Comments
Post a Comment