All eyes are on Trump’s reciprocal tariffs announcements on imports into the U.S. announcement on Wednesday. The Private Sector Employment and Factory Orders also might get attention
Asian shares finished mostly up, while European shares are trading lower.
In the Asian trading session, oil extended losses.
As of 8.10 am ET, the Dow futures were down 271.00 points, the S&P 500 futures were declining 51.00 points and the Nasdaq 100 futures were tumbling 219.00 points.
The U.S. major averages closed mostly up. The tech-heavy Nasdaq jumped 150.60 points or 0.9 percent to 17,449.89. The S&P 500 also climbed 21.22 points or 0.4 percent to 5,633.07, but the narrower Dow edged down 11.80 points or less than a tenth of a percent to 41,989.96.
On the economic front, the ADP Employment Report for March will be released at 8.15 am ET. The consensus is 120K, while it was up 77K in the prior month.
The Factory Orders for February will be issued at 10.00 am ET. The consensus is up 0.5 percent, while it was 1.7 percent in January.
The Energy Information Administration or EIA’s Petroleum Status Report for the week will be released at 10.30 am ET. In the prior week, the Crude Oil Inventories were down 3.3 million barrels and the Gasoline Inventories were down 1.4 million barrels.
Federal Governor Adriana Kugler will speak virtually on ‘Inflation Expectations and Monetary Policymaking’ before the Griswold Center for Economic Policy Students and Julis-Rabinowitz Center for Public Policy and Finance 2025 Public Talk at 4.30 pm ET.
Asian stocks ended on a muted note on Wednesday.
China’s Shanghai Composite finished marginally higher at 3,350.13. Hong Kong’s Hang Seng index ended marginally down at 23,202.53.
Japanese markets ended slightly higher. The Nikkei average rose 0.28 percent to 35,725.87 while the broader Topix index settled 0.43 percent lower at 2,650.29.
Australian markets edged up slightly. The benchmark S&P/ASX 200 ended up 0.12 percent at 7,934.50 while the broader All Ordinaries index finished marginally higher at 8,133.10.
European shares are trading lower. CAC 40 of France is losing 70.55 points or 0.90 percent. DAX of Germany is down 334.67 points or 1.48 percent. FTSE 100 of England is declining 72.61 points or 0.84 percent. The Swiss Market Index is sliding 121.55 points or 0.96 percent.
Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is down 0.95 percent.
Business News
Wall Street Poised To Open Lower Ahead Of Reciprocal Tariff Announcement
2025-04-02 12:34:14
