Stock futures sink after Trump's 'Liberation Day' tariffs shock markets
US stock futures were under pressure late Wednesday afternoon after President Trump announced reciprocal tariffs on a range of US trading partners that surprised markets during a "Liberation Day" event held at the White House.
Near 4:45 p.m. ET, S&P 500 futures were down 1.7%, Nasdaq 100 futures were off 2.5%, while futures on the Dow Jones Industrial Average fell 0.7%.
Ahead of Trump's announcement on Wednesday, stocks shook off early losses with all three majors gaining ground as the S&P 500 (^GSPC) gained 0.7%, the Dow Jones Industrial Average (^DJI) rose almost 0.6%, or more than 200 points, and the Nasdaq Composite (^IXIC) popped about 0.9%.
Both the Nasdaq and the S&P 500 had been down more than 1% in early trading on Wednesday.
https://finance.yahoo.com/news/live/stock-market-today-stock-futures-sink-after-trumps-liberation-day-tariffs-shock-markets-200315187.html
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