Investor are closely watching U.S. President Donald Trump’s reciprocal tariffs scheduled to begin on April 2 that might be applicable to all the nations.
The monthly jobs data, the manufacturing and service sector activity reports might get attention this week.
In the Asian trading session, oil was little changed.
Early trends on the U.S. Futures Index suggest that Wall Street might open lower.
As of 8.10 am ET, the Dow futures were down 321.00 points, the S&P 500 futures were declining 64.75 points and the Nasdaq 100 futures were tumbling 305.50 points.
The U.S. major averages were downside at the close on Friday. The tech-heavy Nasdaq plunged 481.04 points or 2.7 percent to a 17,322.99. The S&P 500 also tumbled 112.37 points or 2.0 percent to 5,580.94, while the Dow slumped 715.80 points or 1.7 percent to 41,583.90.
On the economic front, the Chicago PMI for March will be issued at 9.45 am ET. The consensus is for 44.1, while it was up 45.5 in the prior month. The Dallas Fed Manufacturing Survey for March will be released at 10.30 am ET. In the previous month, the General Activity Index was down 8.3 and the production Index was down 9.1.
The Agriculture Department’s Farm Prices will be published at 3.00 pm ET.
Asian stock markets finished lower on Monday. Chinese shares ended slightly lower. The benchmark Shanghai Composite Index dipped 0.5 percent to 3,335.75, while Hong Kong’s Hang Seng Index tumbled 1.3 percent to 23,119.58 on U.S. tariff fears.
Japanese markets plunged. The Nikkei 225 Index dove 4.1 percent to 35,617.56, while the broader Topix Index settled 3.6 percent lower at 2,658.73.
The benchmark S&P/ASX 200 Index tumbled 1.7 percent to 7,843.40. The broader All Ordinaries Index closed 1.7 percent lower at 8,053.20.
Business News
Futures Point To Lower Wall Street Open Amid Tariff Concerns
2025-03-31 12:38:26
