US Stocks Futures Trade Mixed Ahead Of Opening Bell: 'Preserve Capital In Conditions Of High Uncertainty,' Says Expert
U.S. stock futures were volatile on Wednesday after the equities reversed gains on Tuesday following President Donald Trump‘s 104% tariff on China. Futures of major benchmark indices were mixed in premarket.
The White House Press Secretary Karoline Leavitt confirmed that Trump’s retaliatory 104% tariff on Chinese imports would take effect at 12:01 a.m. ET Wednesday. Her remarks triggered a sharp deterioration in market sentiment and reignited fears of a global trade escalation.
Despite growing geopolitical concerns surrounding China, a new U.S. Chamber of Commerce Foundation report highlighted by The Wall Street Journal reveals that most surveyed companies still find significant strategic advantages in staying or growing their operations there.
This finding underscores a divergence between Washington’s “selective decoupling” efforts and the deep reliance of corporate America on China’s manufacturing, workforce, and consumer base.
Major indices were significantly down from recent highs as of Tuesday’s close. The S&P 500 was 18.95% lower, the Nasdaq 100 was down 23.10%, and the Dow Jones declined 16.48%, following a week of tariff-driven selloffs.
The 10-year Treasury bond yielded 4.35% and the two-year bond was at 3.80%. However, the CME Group's FedWatch tool‘s projections showed markets pricing a 58.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting.
Futures
Change (+/-)
Dow Jones
-0.06%
S&P 500
0.22%
Nasdaq 100
0.64%
Russell 2000
-0.17%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.30% to $497.98, while the QQQ advanced 0.63% to $418.70, according to Benzinga Pro data.
Cues From Last Session:
Consumer discretionary, materials, and energy sectors led a broad decline in U.S. stocks on Tuesday, as the S&P 500 closed entirely in negative territory.
The selloff intensified after the President’s 104% tariff.
Among individual tech giants, Apple Inc. (NASDAQ:AAPL), Tesla Inc. (NASDAQ:TSLA), and Amazon.com Inc. (NASDAQ:AMZN) saw significant drops, while Nvidia Corp. (NASDAQ:NVDA) also traded lower.
In other news, Walgreens Boots Alliance Inc. (NASDAQ:WBA) reported better-than-expected earnings, and small business optimism hit its lowest point since October 2024.
The Dow Jones index slumped 320 points or 0.84% to 37,645.59, whereas the S&P 500 ...
https://www.benzinga.com/25/04/44706800/us-stocks-futures-trade-mixed-ahead-of-opening-bell-preserve-capital-in-conditions-of-high-uncertainty-says-exper
