Market Tumbles as Tariff Concerns Escalate

US stock futures experienced a significant downturn on Tuesday, driven by growing apprehensions surrounding President Donald Trump's anticipated tariff announcement. This development has sent ripples through the financial markets, with investors bracing for potential impacts on global trade.

Futures and Currency Markets React

The Dow Jones futures led the decline, dropping 256 points, or 0.62%, while the S&P 500 and Nasdaq-100 futures weren't far behind, decreasing by 0.52% and 0.55%, respectively. In the currency markets, the euro also felt the pressure, trading 0.29% lower against the US dollar at 8:02 am ET, with a rate of 1.07860.