U.S. stock futures were rising early Tuesday as markets grappled with the potential fallout from additional tariffs imposed by President-elect Donald Trump.
President Trump has dismissed speculation that he would scale back plans to impose full tariffs on imported goods when he takes office later this month. Such a tax might help some companies that benefit from making foreign companies less competitive in the United States, but ultimately the tariffs would likely hurt stock prices. Companies that buy and sell overseas end up incurring higher operating costs.
The market's strength still appears to be in technology. The CES trade show in Las Vegas may help increase optimism about the potential for artificial intelligence and semiconductor sales.
Futures for the Dow Jones Industrial Average rose 95 points, or 0.2%. Contracts tied to the S&P 500 also rose 0.2%, and futures tied to the tech-heavy Nasdaq 100 rose 0.1%. Despite a pullback in the afternoon, the S&P and Nasdaq both ended Monday higher, led by tech stocks. The Dow ended up falling 0.1%.
Economic data that could impact today's market includes new numbers on job openings and research on service strength. The stock exchange will be closed Thursday in memory of President Jimmy Carter.
Bond yields were little changed. The yield on the 10-year US government bond was 4.629%. The two-year bond yield was 4.272%.
