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Dow futures plummet over 650 points following Trump’s announcement of tariffs on U.S. trading partners


Stock futures took a tumble at the start of a new trading month due to concerns over new U.S. tariffs on goods from key trade partners. The Dow Jones Industrial Average futures slid 1.22%, S&P 500 futures dropped 1.4%, and Nasdaq-100 futures lost 1.7%. President Donald Trump imposed tariffs on goods from Mexico, Canada, and China, leading to retaliation from these countries. Oil and gasoline futures traded higher after the tariffs, and the U.S. dollar also advanced. Traders are focused on fourth-quarter earnings reports from over 120 companies in the S&P 500, including tech giants like Alphabet and Amazon, as well as economic data such as the January nonfarm payrolls report. The recent volatility in the stock market, driven by tariff concerns and AI stocks scrutiny, has investors on edge. Despite closing the first month of the year with gains, the three major U.S. indexes ended Friday’s trading session in the red. The S&P 500 gained 2.7%, the Nasdaq Composite added 1.6%, and the Dow Jones Industrial Average jumped 4.7% in January. Overall, the market is reacting negatively to the uncertainties surrounding trade policies and their potential impact on the economy and corporate profits.

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