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US STOCKS-Wall St futures dip as tariff uncertainty weighs
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US STOCKS-Wall St futures dip as tariff uncertainty weighs
Mar 26, 2025 4:06 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures off: Dow 0.14%, S&P 500 0.17%, Nasdaq 0.22%

March 26 (Reuters) - U.S. stock futures slipped on

Wednesday, with investors exercising caution as they awaited

economic data and more clarity on the Trump administration's

fresh tariffs that are expected to take effect next week.

U.S. markets got a temporary moment of relief, closing

higher in the past two sessions, after U.S. President Donald

Trump indicated that not all tariffs would be enforced by the

April 2 deadline, with some countries potentially receiving

exemptions - though details remain scant.

This provided a modicum of stability to Wall Street, with

the three main indexes closing on Tuesday at their highest level

in more than two weeks.

Still, uncertainty about the size of U.S. tariffs and the

potential for countermeasures by its trading partners as well as

concerns about its fallout on the global economy and businesses

have kept investors on edge.

Tuesday's data revealed a sharp decline in U.S. consumer

confidence in March - its lowest in over four years -

highlighting the prevailing uncertainty surrounding tariffs and

its impact on American households.

In recent weeks, investors have been offloading U.S.

equities and seeking opportunities elsewhere, concerned that

Trump's tariffs might stoke inflation and stymie economic

growth.

Both the benchmark S&P 500 and the tech-centric

Nasdaq plunged 10% from their respective record highs

earlier this month - known as a correction. The S&P has climbed

has climbed more than 4% since mid-March lows, while the Nasdaq

has risen about 6%.

At 6:08 a.m. ET, U.S. S&P 500 E-minis

were down 10 points, or 0.17%, Nasdaq 100 E-minis

were down 45.25 points, or 0.22%, Dow E-minis were

down 62 points, or 0.14%.

Amid a slew of economic indicators slated for this week,

focus will be on the personal consumption expenditures price

index - the Federal Reserve's favored inflation gauge - due on

Friday.

Chicago Fed President Austan Goolsbee said that it may take

longer than anticipated for the next cut because of economic

uncertainty, according to a Financial Times interview.

Among notable stock moves, GameStop ( GME ) jumped 12.9%

premarket following the board's unanimous approval to

incorporate bitcoin as a treasury reserve asset and its

announcement of fourth-quarter results.

Dollar Tree ( DLTR ) rose 7.1% after a report said the

discount-retail chain is nearing a sale of its Family Dollar

business to a consortium of private equity investors for about

$1 billion. The company is also due to report its results before

markets open.

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