Market Turmoil as Tariff Fears Escalate

US stock futures experienced a significant downturn on Tuesday, as investors grew increasingly anxious over President Donald Trump's anticipated tariff announcement. The uncertainty has sent shockwaves through the market, with major indices showing notable declines.

Impact on Major Indices

The Dow Jones futures saw a sharp drop of 256 points, or 0.62%, while the S&P 500 and Nasdaq-100 futures weren't far behind, falling 0.52% and 0.55%, respectively. This widespread decline underscores the market's nervousness about potential new tariffs.

Currency Markets React

In the currency markets, the euro weakened against the US dollar, trading 0.29% lower at 1.07860 by 8:02 am ET. This movement reflects the broader market's reaction to the looming tariff decision.