Market Reacts to Trump's Tariff Comments

United States market futures experienced a downturn on Friday following remarks by US President Donald Trump regarding tariffs. Trump stated that imposing tariffs up to 50% a year from now would be considered a "total victory". Additionally, he mentioned making 200 deals with trading partners since announcing tariffs, though specifics were not provided.

Corporate Earnings Reports

Amidst these developments, both SLB and Colgate-Palmolive reported declines in their first-quarter revenues, adding to the market's unease.

Market and Currency Movements

The Dow Jones futures fell by 41% or 167 points at 7:57 am ET, with the Nasdaq 100 and the S&P 500 also seeing losses of 0.44% and 0.38%, respectively. The euro weakened against the dollar, trading 0.30% lower at 1.13572 by 8:08 am ET.