Trump Tariffs Weigh on Investor Sentiment, Fueling Premarket Losses for US Equity Futures

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Trump Tariffs Weigh on Investor Sentiment, Fueling Premarket Losses for US Equity Futures

, MT Newswires - 8:14 AM ET 4/3/2025 default

08:14 AM EDT, 04/03/2025 (MT Newswires) -- US equity futures were lower pre-bell Thursday on fears US President Donald Trump's sweeping tariff policy will spark a global trade war.

Dow Jones Industrial Average futures fell 2.8%, S&P 500 futures dropped 3.4%, and Nasdaq futures were down 4%.

The Trump administration announced on Wednesday tariffs of at least 10% across all countries.

Oil prices fell, with front-month global benchmark North Sea Brent crude down 5.6% at $70.75 per barrel and US West Texas Intermediate crude down 5.9% at $67.46 per barrel.

The US trade deficit, scheduled for release at 8:30 am ET, is seen narrowing to $122.5 billion for February from $131.4 billion in January. New unemployment claims are seen rising by 1,000 to 225,000 in the week ended March 29, according to estimates compiled by Bloomberg.

Forecasters see the Institute for Supply Management services index, due at 10 am ET, coming in at 53.0 for March versus 53.5 previously.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.