Traders are turning to the "recession trade" after Trump's tariff announcement. They're dumping shares of banks and small companies, which can be especially sensitive to an economic slowdown. Stock fu

President reveals plans to impose 10% universal levies and higher duties on major partners

Stock index futures were sharply down on Monday, as risk-off sentiment persisted amid uncertainty regarding President Trump's reciprocal tariffs. S&P 500 futures ( SPX) -1.1%, Nasdaq 100 futures ( US100:IND) -1.3%, and Dow futures ( INDU) -0.6%.

U.S. stock futures remained lower Wednesday morning despite a stronger-than-expected ADP report. Private employers added 155,000 jobs in March, according to the report, surpassing Wall Street's expectations of 120,

That wasn’t the speech stock traders were hoping for. Stock futures staged a U-turn during President Trump’s speech in the Rose Garden, erasing earlier gains and falling sharply. Heading into the announcement,

Stock index futures were in the red on Wednesday, as investors braced for President Trump's reciprocal tariff plans, while U.S. private sector job growth surged in March. S&P 500 futures (SPX) -1%, Nasdaq 100 futures (US100:IND) -1.

Get your circuit breakers ready. Heading into the open, Dow futures are now down 1,203 points, a decline of 2.8%. The other major contracts are worse: the S&P 500 contract is down 3.5%, the Nasdaq 100 contract is down 4% and the Russell 2000 is down nearly 5%.

Stock futures are pointing to a sharply lower open for major indexes on Monday as investors await announcements on a new batch of tariffs the Trump administration has said it will implement this week.