S&P

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S&P Futures are continuing to decline due to the Trump tariffs actions. China has hit back as they will impose an additional 34% tariff on all imports coming in for the U.S. effective April 10th. China’s move only increases the negative sentiment, and the odds of a recession are increasing. Markets will be hearing from Fed Chair Jerome Powell late this morning and he will attempt to calm the markets. However, sentiment is eroding fast and without action to remove the Trump tariffs market can continue to fall. The key economic reports due out today is the Non-Farms payrolls data for March. Earnings season starts next week, and forward guidance announcements are likely to be lowered for most companies.

react to President Trump’s tariff announcement. The new tariffs rates were worse than the market had expected, the only positive is that foreign countries have not yet hit back with their own tariffs. The tariff increase is expected to be a drag on earnings for the next several quarters and will likely cause a spike in inflation. White House officials are expected to attempt to place a positive spin on the elevated tax rates in an effort to calm markets today. Treasury Secretary Bessent spoke after the announcement and appeared to distance himself from the decision making. Key economic reports due out today include the Jobless Claims Report and the ISM Services PMI data. RH is lower after the company’s big earnings miss last night. GES is schedule to release after the bell today.

S&P Futures are moving lower as markets are awaiting President Trump’s tariff announcement which is expected to occur at 4:00 pm. He may also be announcing his TikTok decision. Tesla is scheduled to release its Q1 delivery data today. Walmart is said to be continue to put pressure on Chinese suppliers despite a plea from China’s government. Key economic reports due out today include the ADP Employment report & Factory Orders. Goldman Sachs lowering its forecast for end-2025 two- and 10-year U.S. Treasury yields. NCNO is lower after earnings miss last night. RH is schedule to release after the bell today.

S&P Futures are displaying weakness this morning as the markets continue to await clarity on the tariff situation. U.S. auto manufactures are making a push to exclude certain car components from tariffs. President Trump is expected to sign Executive Orders today related to national security and economic policy. There is a press conference today at noon. Key economic reports due out today on the ISM Manufacturing and JOLT’s data. A Texas court rejected JNJ use of Chapter 11 for its talc cancer fund. PVH and PRGS are higher this morning after earnings releases.

S&P Futures are continuing to move lower this morning as the markets prepare for Trump’s tariff announcement on Wednesday. Multiple reports came out over the weekend indicating that the tariff announcement may be harsher than initially anticipated. The S&P is down over 5% on the year. Over the weekend, President Trump indicated more tariffs on Russian oil if a deal is not reached to end their war with Ukraine. He also issued a threat to bomb Iran if an agreement is not made on its nuclear program. Employment data will also be in focus this week, on Friday the Non-Farms payrolls report is scheduled for release. After the bell today, PRGS and PVH are scheduled to report earnings.

S&P Futures are flat to lower this morning ahead of a key inflation report. The PCE report will be a key focus for the markets today. Sentiment remains cautious ahead of Trumps tariff announcement next week. The CoreWeave (CRWV) IPO starts trading today, priced at $40. Musk indicated last night in an interview that his work at DOGE is almost done. LULU delivered positive earnings last night, yet the stock is trading lower due to its forward guidance.

S&P Futures are displaying little movement this morning as markets react to President Trump’s announcement on autos and auto parts. Part II of his tariff announcement is scheduled for April 2nd. Focus today will continue to center on trade tariffs. In the pre market today there are two important economic reports due out, GDP & Jobless Claims. OpenAI is close to finalizing a $40 billion funding round led by SoftBank. LULU is scheduled to release earnings after the bell today.

S&P Futures are displaying some weakness this morning as markets continue to focus on the April 2nd tariff announcement EU Trade Commissioner Maros Sefcovic met Tuesday with U.S. officials in Washington for what he said were substantive talks. A trade official from Mexico will be meeting with White House officials later today/tomorrow. The Trump Administration has added dozens of Chinese companies to its trade blacklist yesterday. The key economic report due out this morning is the report or Durable Goods orders. DLTR is said to be in a deal with a private equity group to sell its Family Dollar stores for $1B. A decision on TikTok U.S. ownership could happen next week.

S&P Futures have started to move higher this morning as markets remained focused on the details of the pending Trump tariff announcement on April 2nd. An EU trade negotiator is in Washington today for additional trade talks. A joint statement from Russia and the U.S. on yesterday’s peace talks is expected today. Key economic reports are due out this morning on housing and consumer confidence. Boeing is seeking to withdraw it plea deal on 737 Max crashes. CVX received an extension for its Venezuelan operations. KBH missed on earnings last night, this morning MKC released earnings that were lower than expectations.