The trader works on the New York Stock Exchange floor on March 3, 2025.
Spencer Platt | Getty Images
US stock futures rose high Monday night after three major averages sold sharply. Investors also awaited President Donald Trump’s tariffs in Canada and Mexico, but he said it will take effect Tuesday.
Futures linked to the Dow Jones Industrial Average Added 72 points, or nearly 0.2%. S&P 500 Futures and Nasdaq 100 futures 0.2% and 0.3% have been added, respectively.
In a regular trading session, a wide range of markets S&P 500 It recorded its biggest daily loss since December, down 1.76%. Blue chip Dow 649.67 points, or 1.48%, Nasdaq Composite 2.64% will be poured.
After trading early in the day, all three key indicators fell into negative territory after President Trump confirmed Monday afternoon that 25% of the US duties would come into effect the next day. He added that “no rooms remain” for the two countries to negotiate these new import duties. Trump also slapped an additional 10% tariff on Chinese goods.
The information technology sector felt losses especially on Monday nvidia It drops almost 9% Broadcom A decline of 6%. Investors gathered in the defensive corner of the market, with the consumer staples sector moving forward by 0.6% and healthcare rising by about 0.4%.
The sale on Monday dragged the 2025 S&P 500 to the red. Unfortunately, those losses aren’t turning back anytime soon, according to Scott Ladner, chief investment officer at Horizon Investments.
“We don’t see the market really fast and everywhere,” he told CNBC. “We’re in the place where emotions are really in the bathroom. That’s probably going to get a reversal from now on.”
Meanwhile, Ladner emphasizes that the US economy is still strong and that businesses are seeing revenue growth of 10% to 15%.
“We’re not heading towards a recession, we don’t even have a revenue recession,” he added. “We see that the company should stop profitability completely at present. The medium term view is really positive.”
Economically, New York Federal Reserve Chairman John Williams is scheduled to speak in New York on Tuesday afternoon.
The revenue season continues to end with the results Best Buy, Autozone, target and Cloud Strike On the deck on Tuesday.
