The S&P 500 Index ($SPX) (SPY) today is down -0.35%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.29%. June E-mini S&P futures (ESM25) are down -0.24%, and June E-mini Nasdaq futures (NQM25) are down -0.20%.
Stock indexes today are trading lower ahead of Wednesday’s announcement of new US tariffs. President Trump will announce the details of the reciprocal tariffs on Wednesday at 3 pm EST. Stock index futures extended their losses today on a report from the Washington Post that said President Trump is considering tariffs of around 20% on most imports to the US. The tariff worries have fueled risk-off sentiment in asset markets and sparked safe-haven buying of government debt and gold, with the 10-year T-note yield falling to a 4-week low today and the price of gold climbing to a new record high.
