U.S. Stock Futures Plunge as Trump’s Tariffs Ignite Trade Tensions
U.S. stock futures fell sharply on Monday as President Donald Trump imposed new tariffs on Canada, Mexico, and China, aiming to tackle illegal immigration and fentanyl smuggling.
Market Impact on Investments: Stocks, Dollar, Oil, and Gold
🔻 S&P 500 Futures: Down 1.6% (-82 points)
🔻 Nasdaq 100 Futures: Down 1.6% (-355 points)
🔻 Dow Futures: Down 1.2% (-515 points)
🔻 Impact on Stocks
- Toyota (TYO:7203), Honda (TYO:7267), Nissan (TYO:7201) saw declines during Asian trading amidst uncertainty affecting auto exports.
- Retaliation Threats: Canada and Mexico plan counter-tariffs, and China aims to contest at the WTO.
🔺 Dollar Strengthening
- Heightened inflation worries decrease the likelihood of Fed rate cuts in the next 12-18 months.
🔼 Oil Prices Rallying
- Supply issues push crude oil prices higher, even amid demand concerns.
🔽 Gold Retreats from Highs
- A stronger dollar raises the cost of gold for non-dollar holders.
Keeping Track of Market Trends
📉 Market Biggest Gainers API – Discover stocks reacting positively as volatility unfolds.
📊 Commodities API – Track oil and gold price movements in relation to macroeconomic fluctuations.
As global trade uncertainties mount, further market volatility is expected throughout the week.