U.S. stock futures changed a little on Tuesday morning. Investors are waiting for more details about President Donald Trump’s plan for tariffs on imports. Over the weekend, Trump said the tariffs would “start with all countries.” He told his advisors to take a tougher approach.
At first, people thought the tariffs would only affect a few countries. The uncertainty has caused the stock market to fluctuate. Economists say that the economy could slow down if the tariffs are as strong as Trump suggested.
Prices for goods might also go up. Brian Gardner is a strategist at Stifel in Washington.
Investors seek tariff clarity
He said that no matter what the White House announces, investors might see it as “Clarity Day.” But he warned that any relief rally should be viewed carefully. Gardner expects the tariffs will be more about changing the American economy than negotiating. As of early Tuesday, Dow futures were down 0.04%.
S&P 500 futures were up 0.11%, and Nasdaq futures gained 0.25%. Some companies reported earnings that beat analysts’ expectations.
PVH performed better than predicted in the last three months of last year, and Progress Software also had a strong first quarter. The company thinks its earnings for the full year will be higher than forecasts.
