The trader works on the floor of the New York Stock Exchange on December 31, 2024 in New York City on the last day of trading this year.
Spencer Platt | Getty Images
Stock futures rose early Monday as investors endure a week filled with data first and reported that President Donald Trump might announce new tariffs on Monday did.
Futures linked to Dow Jones Industrial Average Rose 63 points, or 0.14%. S&P 500 Futures It rose 0.32% Nasdaq 100 futures Advanced 0.54%.
Trump told reporters on Sunday that he plans to announce a blanket 25% tariff on all steel and aluminum imports on Monday. Bloomberg Report. Trump also noted that he would issue retaliatory fees to countries that tax US imports because he did not specify when tariffs would be imposed. The news is set to take effect on Trump's previously announced Chinese duties in the middle of the night on Sunday.
More tariff threats lie ahead of many economic data this week. The January Consumer Price Index Report was released at 8:30am ET on Wednesday, followed by the first weekly unemployment claim and the producer price index on Thursday. Federal Reserve Chairman Jerome Powell will also speak before Congress Monday morning.
“Sudden tariffs and increasing policy uncertainty allow businesses to adopt increasingly anticipated actions and bring back jobs,” said Lydia Boussour, senior economist at Ey-Parthenon. Masu. “This could lead to more severe slowdowns in jobs, weaker incomes and reduced consumer spending amid more severe inflation.”
The market remains volatile, combining concerns from inflation, coupled with concerns about how Trump's tariff plans will have a negative impact on the US economy. Investors also include McDonald's on Monday. coca cola on tuesday.
