U.S. stock futures were little changed on Tuesday morning. Investors are waiting for more details on President Trump’s tariff plans. Trump has said he will impose tariffs on imports.
He wants the tariffs to apply to all countries at first. But investors hope the tariffs will only target a few countries. Over the weekend, Trump pushed his advisors to take a tougher approach on tariffs.
The mixed messages from the White House have caused stock prices to be unstable. Economists say that aggressive tariffs could slow down the economy. They could also cause inflation to go up.
Markets react to tariff uncertainties
Brian Gardner is the Chief Washington Policy Strategist at Stifel. He said investors might see any tariff announcement as “Clarity Day.” But he warned that any relief for the stock market might not last long.
Gardner expects the tariffs will be more about restructuring the U.S. economy. He does not think they are just a negotiating tactic. At 6:05 a.m. ET, Dow futures were down 0.04%.
S&P 500 futures were up 0.11%. Nasdaq futures gained 0.25%. PVH Corporation reported earnings that beat analysts’ expectations for the last quarter of 2024.
Progress Software also had strong results for the first quarter of its fiscal year. The company thinks its full-year earnings per share will be higher than predicted.
