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Dow futures drop more than 650 points after Trump hits U.S. trading partners with tariffs: Live updates – CNBC

Trader works on the New York Stock Exchange on January 29, 2025.

NYSE

The investor has begun a new trade month as early as Monday, as the investor compares new tariffs and the potential impact on the interests of the company on products from major trade partners.

Futures linked to Dow Jones's industrial average Sliding 546 points or 1.22 %. S & P 500 futures On the other hand, I dropped 1.4 % NASDAQ-100 futures I lost 1.7 %.

Saturday, President Donald Trump, has handed a 25 % tariff on products from Mexico and Canada. He also collected 10 % for imports from China. The United States has a business of about $ 1.6 trillion in three countries.

Canada responds with its own retaliation tariffs, and Mexico will explore tax on imports in the United States. Meanwhile, the Chinese government said that it would sue a World Trade Organization.

“The market may be literally necessary to take the rest of Trump's tariff agenda, literally … if this new level suddenly gets a price, Monday is tough for the market. It may be a day. “

oil and Gasoline futures After US tariffs, it was traded higher. The US dollar has also progressed.

Traders are also aiming for the largest week for the fourth quarter. This is increasingly important in determining the state of the market due to concerns of tariffs, and artificial intelligence shares are being scrutinized. More than 120 companies S & P 500 It is set to report their results including the alphabet in the technical name, Amazon and PalantirIncluding consumer giants Walt Dizney And Mondes.

The non -agricultural salary report in January will be released on Friday and will be added to this year's employment photos. The Economist voted by Dow Jones expects 175,000 employment last month. It is predicted that the unemployment rate has not been changed at 4.1 %.

There is unstable stock for several weeks. The three major US indexes have finished the transaction session in red on Friday, but the traders have also gained a profit and closed the first month of the year. S & P 500 was 2.7 %, high -tech. NASDAQ COMPOSITE I added 1.6 % in January, Dow Jones Industrial Average Outper -form during the period and jumped 4.7 %.

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