June S&P 500 E-Mini futures (ESM25) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.24% this morning as investors await the latest reading on U.S. job openings and manufacturing sector surveys.
Market participants also brace for a wave of import tariffs taking effect on April 2nd, a day U.S. President Donald Trump has labeled “Liberation Day.” President Trump will announce his reciprocal tariff plan at 3 p.m. Washington time on Wednesday at an event in the White House Rose Garden. Trump on Sunday stated that reciprocal tariffs would initially target “essentially all” countries and reportedly urged his advisers to adopt a more aggressive approach to trade policies. Also, a recently announced 25% tariff on auto imports is set to take effect at 12:01 a.m. Washington time on April 3rd. Investors are becoming increasingly worried about the impact of these tariffs on the U.S. and the global economy.
