Dow Jones stock futures fall as market volatility continues after worst week since 2023.
- Dow Jones stock futures dropped 170 points (-0.41%).
- S&P 500 futures fell 0.52%, and Nasdaq 100 futures declined 0.62%.
The Russell 2000 is getting close to a bear market, while the Nasdaq Composite is further into the correction zone.
What Causes the Volatility of the Market?
1.Trump’s Trade War and Tariffs:
No exemptions from steel and aluminum tariffs were reiterated by President Donald Trump.
Countermeasures from Europe and other trading partners might increase market uncertainty.
2. Next Step for the Fed: At its meeting on Wednesday, the Fed is anticipated to keep interest rates unchanged.
We will be closely monitoring Chair Jerome Powell’s remarks for any indications of further rate cuts.
3. Data Release on Retail Sales in the United States:
Retail sales are predicted to rise by 0.6% in February.
A slowdown could indicate a pushback from consumers, which would increase worries about a recession.
Outlook for the Weekly Market
In light of impending retail sales data, the Federal Reserve meeting, and important business events, investors are still being cautious. The GTC AI speech by Nvidia CEO Jensen Huang could have an effect on tech markets and Nasdaq futures.
As traders expect further market instability in the coming days, Wall Street remains tense.
Source: CNBC
