Stock Market Today Pulls Back From Rally Fueled by Tariff Hopes
US stock futures sank on Thursday, pulling back from the previous day's rally as investors weighed how far President Donald Trump is willing to negotiate on tariffs. The Dow Jones Industrial Average futures fell 0.6%, while S&P 500 futures dropped 0.7%. Contracts on the tech-heavy Nasdaq 100 paced the declines, down about 1%. Shares of retail giants Macy's and Kroger will report earnings before the market opens, while Costco and Gap will share their results after the bell.
- The sudden volatility in the stock market reflects the growing uncertainty around trade policies, particularly with regards to tariffs, which can have far-reaching implications for industries such as retail and technology.
- How will the global response to these changing trade dynamics impact supply chains and business strategies for companies operating in high-risk markets?