Market Reacts to Tariff Announcements and Economic Data

US stock futures experienced a downturn early Tuesday, reflecting investor concerns over recent economic data, earnings reports, and the implications of newly imposed tariffs on steel and aluminum imports by President Donald Trump.

Impact on Major Indices

As of 4:30 am ET, the Dow Jones Industrial Average saw a decrease of 0.22%, while the Nasdaq 100 and the S&P 500 dropped by 0.41% and 0.31%, respectively. This movement underscores the market's sensitivity to trade policies and corporate earnings.

Currency Markets Remain Stable

Despite the stock market's reaction, currency markets showed minimal movement. The euro remained steady against the US dollar, trading at $1.03136 at 4:29 am ET, indicating a wait-and-see approach among currency traders.