U.S. stock index futures dipped Monday night following Wall Street's weak first-quarter performance, as recession fears mounted ahead of President Donald Trump’s upcoming tariff announcements.
S&P 500 Futures dropped 0.4% to 5,633.50, while Nasdaq 100 Futures slid 0.5% to 19,351.50. Dow Jones Futures edged down 0.2% to 42,177.0 by 8:05 PM ET. The pullback reflects growing investor anxiety as Trump's trade policy gains momentum.
Set for April 2, Trump’s new "reciprocal tariffs" will target a wide range of trading partners with no exemptions. The following day, a 25% tariff on auto imports will take effect. These measures aim to reduce U.S. dependence on foreign goods and revive domestic manufacturing but risk disrupting global trade and fueling economic downturn concerns.
A Wall Street Journal report noted Trump’s consideration of expanding tariffs to more countries, escalating fears of a trade war. In response, Goldman Sachs raised the likelihood of a U.S. recession from 20% to 35%, projecting average tariff rates to climb to 15%.
Markets have already responded with volatility. Despite a 0.6% gain on Monday, the S&P 500 posted a 5% loss for Q1 2025. The Nasdaq ended flat for the day but plunged over 10% for the quarter. The Dow gained 1% Monday yet still lost 2% for the quarter. All three indexes closed lower for March.
Market leaders struggled too. NVIDIA (NASDAQ:NVDA) fell 1.2% Monday and tumbled 20% in Q1. Tesla (NASDAQ:TSLA) sank over 35% for the quarter and is under pressure ahead of this week’s delivery report, facing protests tied to CEO Elon Musk’s political actions.
Investors brace for a turbulent start to Q2 as policy uncertainty looms.


Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision
Yen Slides as BOJ Caution Undercuts Rate Hike Impact
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 



