Stock Market Sees S&P 500 Lead, Nasdaq Futures Slide Amid Tariff Uncertainty
Nasdaq futures slid on Tuesday, pointing to more losses for tech stocks amid worries over President Trump's revived tariff threats and a potential US toughening of China curbs. The benchmark 10-year Treasury yield fell to 4.33% amid growing belief that tariffs will weaken the US economy, which prompted traders to bump up bets on interest-rate cuts. Investors are parsing his brief comment that tariffs on Mexico and Canada will go forward next week.
- This volatility in the stock market highlights the complex interplay between macroeconomic factors, such as trade policies and interest rates, and microeconomic trends in specific industries like tech, where companies' valuations can be significantly impacted by global events.
- How will the ongoing uncertainty around US-China relations and their impact on the global economy affect the long-term performance of individual stocks, particularly those heavily influenced by tariffs?