A trader worked on the floor of the New York Stock Exchange on August 4, 2022.
Source: New York Stock Exchange
Stock futures have a place in overnight trading on Sunday, amid continued uncertainty about President Donald Trump’s plan to impose tariffs on major U.S. trading partners this week.
Dow Jones Industrial Average Futures scored 77 points. S&P 500 Futures rose 0.2%, while Nasdaq 100 Futures rose 0.6%.
Commerce Secretary Howard Lutnick said on Fox News on Sunday that the exact tariffs imposed on Mexico and Canada from Tuesday remained “liquid”, meaning it could be below the proposed 25%. He added that the additional 10% of the duties of Chinese imports are “set”.
Finance Minister Scott Bessent said on CBS Mexico has proposed to comply with U.S. tariffs on China, which could be a way to get rid of the tariffs imposed on them on Tuesday.
Legendary Investors Warren Buffett Made Rare comments on tariffs over the weekendsays punitive duties can trigger inflation and harm consumers.
“Tariffs are actually, we have a lot of experience with them. It’s a war in some ways,” said Berkshire Hathaway CEO and Chairman. “As time goes by, they’re taxes on goods. I mean, tooth fairy doesn’t pay!”
As all three major averages are negative, uncertainty surrounding Trump’s trade policy has stirred up market volatility. The S&P 500 fell 1.4% in February, while the 30-share Dow Jones index fell 1.6%. Nasdaq’s technology-heavy composites performed poorly, losing 4%, marking its worst month since April 2024.
“It remains to be seen whether the stock market can survive this change. One way or another, tariffs will be shocked by the economy,” FWDBONDS chief economist Chris Rupkey said in a note.
Elsewhere, cryptocurrencies gather on Sunday Trump announces creation of strategic crypto protection zone For the United States, it will include Bitcoin and ether. Bitcoin jumped 10% after immersion into A to nearly $94,000 Three months below $80,000 On Friday.
This dynamic week also includes Friday’s February job report, which is expected to indicate that fewer jobs have been created.
