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US Futures Dip as Investors Await Trump's Tariff Decision
Sandip Raj Gupta
02/Apr/2025
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US stock futures decline – S&P 500 and Nasdaq 100 futures fell 0.4%, while Dow Jones futures dropped 80 points as markets remained cautious.
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Trump’s tariffs in focus – The White House confirmed reciprocal tariffs will take effect immediately, but details on scope remain unclear.
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Bond yields stabilize – The US 10-year Treasury yield held at 4.2%, as investors awaited upcoming job market data for Fed policy signals.
US Stock Futures Decline as Markets Brace for Trump’s Tariff Decision
US stock futures slipped on April 3, with S&P 500 and Nasdaq 100 down 0.4% and Dow Jones futures losing 80 points as investors awaited President Donald Trump’s anticipated tariff announcement.
Trump’s Tariff Plan Sparks Market Uncertainty
According to reports, Trump is considering a universal 20% tariff on most imports, though the exact scale remains uncertain. The White House confirmed that reciprocal tariffs would take immediate effect, but Treasury Secretary Scott Bessent suggested they could be reduced through negotiations.
The looming tariffs have sparked concerns over their impact on global trade, especially with countries like China, India, and the European Union under scrutiny. Investors are weighing how new trade barriers could affect inflation, corporate earnings, and Federal Reserve policy in the coming months.
Bond Yields Hold Steady Amid Economic Uncertainty
The US 10-year Treasury yield remained around 4.2% after a three-day decline, reflecting investor caution ahead of the tariff rollout.
Meanwhile, economic data signaled a cooling labor market:
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Job openings fell in February, though layoffs remained low.
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Factory activity contracted in March, marking its first decline of the year.
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Prices increased for a second straight month, indicating inflation pressures.
Megacap Stocks Trade Mixed
Tech and growth stocks were mostly in the red:
Apple (-0.4%), Microsoft (-0.4%), Nvidia (-0.8%), Meta (-0.4%), Tesla (-1.3%) saw declines.
Amazon (+0.4%) and Alphabet (+0.3%) posted gains, supported by strong earnings expectations.
Key Economic Reports Ahead
Markets now turn to upcoming economic data releases, including:
ADP Employment Report (April 3) – Offers insights into private-sector job growth.
Nonfarm Payrolls (April 5) – A key indicator of US labor market health and Federal Reserve policy direction.
US markets remain volatile as investors await Trump’s tariff announcement and key economic data. While bond yields have stabilized, the stock market's direction will likely depend on trade policy developments and upcoming job reports.
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