US stock futures held steady as investors were waiting to see the effect of new tariffs. The S&P 500 and Nasdaq Composite showed gains, while the Dow Jones Industrial Average experienced a slight decrease. Sector performance was mixed, with some sectors showing strong performance while economic data pointed to weakness in the factory sector.
- The Dow Jones edged down 0.03%.
- Investors awaited the implementation of President Donald Trump’s reciprocal and other tariffs.
- Treasury Secretary Scott Bessent assured lawmakers the tariffs would have a “cap.”
The small decrease in the Dow Jones, contrasted with gains in other indices, could indicate uncertainty surrounding the potential impact of new tariffs on traditional industries. This mixed performance suggests a market in transition, reacting cautiously to both economic data and policy changes. Investors may want to proceed with awareness of the potential impacts that tariffs may have on specific sectors.