US stocks slump, continuing the tariff-driven selloff

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US stocks slump, continuing the tariff-driven selloff

^{Published on 2025-03-04 13:01:09 - Investing}

The prospect of a worsening trade war between China and the U.S., the world's biggest economies, has also helped traders largely look past signs of a potential escalation in the Russia-Ukraine war, after the U.S. halted all military aid to Ukraine.

U.S. stock futures edged higher on Monday following a significant sell-off on Wall Street, which was triggered by President Donald Trump's announcement of new tariffs on Mexican imports. The S&P 500 futures rose by 0.3%, Dow Jones Industrial Average futures by 0.2%, and Nasdaq 100 futures by 0.4%. This recovery came after a tumultuous week where the market saw declines due to fears of escalating trade tensions, particularly with Mexico, which could face tariffs starting at 5% and potentially increasing to 25% if illegal immigration issues are not addressed. Investors were also digesting mixed economic data, with manufacturing activity showing signs of contraction, while consumer sentiment remained relatively strong. The market's reaction was also influenced by anticipation of the Federal Reserve's next moves, with some investors betting on a rate cut to counteract the economic pressures from the trade war.

Read the Full Investing Article at:
[ https://uk.investing.com/news/stock-market-news/us-stock-futures-tick-up-after-tariffdriven-rout-on-wall-street-3957236 ]

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US stocks slump, continuing the tariff-driven selloff